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The race to $1 trillion: Who should win Elon Musk or Ethereum?Crypto’s flagship AI project fractures: Fetch sues Ocean over 263M FET ‘community’ salesBitcoin bulls need 2 things: Positive BTC ETF flows and to reclaim $112,500Inside Bitcoin’s 24 hour race to survive a global internet blackoutSolana ETFs are outperforming Bitcoin: Is SOL siphoning BTC liquidity?The race to $1 trillion: Who should win Elon Musk or Ethereum?Crypto’s flagship AI project fractures: Fetch sues Ocean over 263M FET ‘community’ salesBitcoin bulls need 2 things: Positive BTC ETF flows and to reclaim $112,500Inside Bitcoin’s 24 hour race to survive a global internet blackoutSolana ETFs are outperforming Bitcoin: Is SOL siphoning BTC liquidity?The race to $1 trillion: Who should win Elon Musk or Ethereum?Crypto’s flagship AI project fractures: Fetch sues Ocean over 263M FET ‘community’ salesBitcoin bulls need 2 things: Positive BTC ETF flows and to reclaim $112,500Inside Bitcoin’s 24 hour race to survive a global internet blackoutSolana ETFs are outperforming Bitcoin: Is SOL siphoning BTC liquidity?
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Crypto’s flagship AI project fractures: Fetch sues Ocean over 263M FET ‘community’ sales
Fetch vs. Ocean lands in court: ASI Alliance disputes put DAO “Autonomy” on trial.

Liam 'Akiba' Wright
Nov. 7, 2025 at 10:00 pm UTC
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Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
#FOMCWatch #Fetch_ai
The Artificial Superintelligence Alliance, once hailed as crypto’s flagship AI collaboration, is now unraveling under the weight of internal conflict and competing interests.
Formed to unify Fetch.ai, SingularityNET, and Ocean Protocol into a shared ecosystem, the alliance promised to accelerate decentralized AI development through token and governance alignment.
But what began as a vision of synergy has devolved into public disputes over control, transparency, and token management.
Those tensions have now spilled into the courtroom, with Fetch leading a class action that could test not only the alliance’s future but also the very notion of DAO autonomy.
Why is Fetch taking legal action against Ocean Protocol?
Fetch and three token holders have filed a class action in the Southern District of New York alleging Ocean Protocol and its founders misled the community about the autonomy of OceanDAO.
The complaint, “Fetch Compute, Inc., et al. v. Bruce Pon, et al., case no. 1:25-cv-9210,” was filed Nov. 4, 2025, and names Ocean Protocol Foundation Ltd., Ocean Expeditions Ltd., OceanDAO, and Ocean co-founders Bruce Pon, Trent McConaghy, and Christina Pon as defendants.
Plaintiffs claim that Ocean misrepresented that hundreds of millions of OCEAN “community” tokens would be reserved for DAO rewards, but instead converted and sold those tokens after joining the Artificial Superintelligence Alliance, thereby depressing the value of FET and undermining the DAO’s stated governance model.
According to the complaint, the alleged scheme centered on the status of approximately 700 million OCEAN community tokens.
Plaintiffs claim that those tokens were initially pledged for autonomous, rules-based distribution to contributors via smart contracts as Ocean transitioned to a DAO model, but were subsequently reclassified in practice and removed from community control.
The filing argues that Ocean transferred the OceanDAO assets to a Cayman Islands entity, Ocean Expeditions, in late June, converted OCEAN to FET beginning in early July, liquidated a large portion of the resulting FET on centralized venues, and withdrew from the ASI Alliance in October.
K&L Gates partner Ed Dartley, counsel to Fetch.ai and the plaintiff class, said in a statement shared with CryptoSlate