PANews reported on October 24th that the dispute between Fetch.ai and the Ocean Protocol Foundation may be coming to an end, with both parties working to resolve misunderstandings through an agreement to avoid litigation. According to Fetch.ai CEO Humayun Sheikh, if Ocean Protocol returns the 286 million FET tokens sold during the merger, Fetch.ai will withdraw all legal claims and be willing to cover related legal costs. Ocean Protocol, in turn, stated that it would agree to return the tokens if the proposal was formally submitted in writing.

Previous reports revealed that blockchain data indicated that wallets associated with Ocean Protocol had exchanged approximately 661 million Ocean tokens for 286 million FET tokens, valued at approximately $120 million at the time. Some of these tokens were transferred to Binance and GSR Markets. However, Ocean Protocol denied the allegations and stated that its decision to withdraw from the ASI Alliance was unrelated to the token transfer. Ocean Protocol founder Bruce Pon stated that the decline in FET token prices was primarily driven by market sentiment and the sell-off by SingularityNet and Fetch.ai, and was unrelated to Ocean's departure from the ASI Alliance.

The two parties are currently seeking to resolve the dispute through an agreement to avoid further damage to their reputation and finances.

Earlier news, Ocean Protocol explained the reasons for its withdrawal from the ASI Alliance, accusing two partners and saying that it had filed a lawsuit .