Ocean Protocol’s team faces $250K bounty after $120M crypto dump allegations

While Ocean Protocol denied the allegations, onchain data points to an Ocean Protocol-linked multisignature wallet converting about 661 million Ocean tokens into 286 million FET.

The ongoing feud between Fetch.ai CEO Humayun Sheikh and Ocean Protocol Foundation took another twist, as the CEO issued a bounty for more information related to an alleged misappropriation of tokens worth millions of dollars.

Sheikh, in an X post on Tuesday, offered a $250,000 reward for more information on the signatories of OceanDAO’s multisignature wallet and their connection to the Ocean Protocol Foundation.

A multisignature or multisig wallet is a cryptocurrency wallet that requires multiple signatures to execute and process a transaction.

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