Audit log

Every state-changing event for Fetch.ai / Artificial Superintelligence Alliance (FET): moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions are designed to carry three independent witnesses — the original source, an Internet Archive snapshot, and a Solana memo signed by our publicly-disclosed publisher key. Archive coverage is still being backfilled, so each decision below reports its own snapshot status rather than assuming one exists.

1. #1publishby system:backfill

   2026-09-23 04:12:27Z
   Score: ? → ? (no score change)
   anchoranchored

   chain

   ●mainnet-betaslot 449,591,173

   sig

   647L4RwzYuMM…3vmYXfdZcopyexplorer ↗

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   CEM5YQPqXf5b…mC1Dcu35copysha256 → base58

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   {"actor":"system:backfill","investigation_id":"f78211a6-4a7d-45e8-843e-69c3fdbe0683","kind":"publish","page_slug":"fetch-ai","published_at":"2026-09-23T04:12:26.996Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Fetch.ai / Artificial Superintelligence Alliance (FET)","sections":[{"content":"Fetch.ai was founded in 2017 by Humayun Sheikh (CEO), Toby Simpson (CTO/COO), and Thomas Hain (Chief Science Officer), a UK-based team with prior ties to DeepMind. The project describes itself as building an open-access, tokenized machine-learning and autonomous-agent platform on its own Cosmos-based blockchain. The FET token launched via an initial exchange offering on Binance in March 2019 and has since been listed on major exchanges including Coinbase and Binance.","heading":"Company background and founders","severity":"low","sources":[{"credibility":2,"name":"Bitstamp — What is Fetch.ai (FET)","type":"other","url":"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-fetch-ai-fet/"},{"credibility":2,"name":"CoinMarketCap Academy — What Is Fetch.ai","type":"other","url":"https://coinmarketcap.com/academy/article/what-is-fetch-ai-fet-features-tokenomics-and-price-prediction"},{"credibility":2,"name":"Coinbase — Artificial Superintelligence Alliance (FET) price page","type":"other","url":"https://www.coinbase.com/price/fetch"}]},{"content":"In March 2024 Fetch.ai, SingularityNET, and Ocean Protocol announced a token merger to combine their respective FET, AGIX, and OCEAN tokens into a single network token, forming the Artificial Superintelligence Alliance (ASI), reported at the time to be valued around $7.5 billion. Token conversion began June 11, 2024 (FET to ASI ticker, later reverted to trading as FET) and AGIX/OCEAN conversions followed on June 13, 2024, the date the merger was finalized. The alliance formed a board with Humayun Sheikh (Fetch.ai) as president, Ben Goertzel (SingularityNET) as CEO, and Trent McConaghy and Bruce Pon (Ocean Protocol) as board members. CUDOS later joined the alliance as well, per Fetch.ai's own public statements.","heading":"Formation of the Artificial Superintelligence Alliance (2024 merger)","severity":"low","sources":[{"credibility":1,"name":"CoinDesk — Fetch.ai, SingularityNET, Ocean Protocol Set Date for ASI Token Merger","type":"news_article","url":"https://www.coindesk.com/business/2024/05/29/fetchai-singularitynet-ocean-protocol-set-date-for-asi-alliance-merger"},{"credibility":2,"name":"Fetch.ai blog — June 13 Merger","type":"official","url":"https://www.fetch.ai/blog/june-13-merger"},{"credibility":2,"name":"SingularityNET — Introducing the Artificial Superintelligence Alliance","type":"official","url":"https://singularitynet.io/introducing-the-artificial-superintelligence-alliance/"},{"credibility":2,"name":"Yahoo Finance — ASI Emerges as SingularityNet, Fetch.ai, Ocean Approve $7.5B Merger","type":"news_article","url":"https://finance.yahoo.com/news/artificial-superintelligence-alliance-asi-emerges-053425972.html"}]},{"content":"On October 10, 2025, the Ocean Protocol Foundation announced it was formally withdrawing from the ASI Alliance, pulling its directors and membership positions from the alliance's governance structures. Ocean stated the exit was driven by a desire for independent funding and control over its own tokenomics, and reporting attributed the split partly to a strategic divergence: Ocean's focus on data-asset trading versus Fetch.ai's and SingularityNET's push toward autonomous-agent development. At the time of the exit, an estimated 270 million OCEAN tokens held across roughly 37,000 wallets had not been converted into the unified token, and a substantial portion of the Ocean community reportedly preferred to remain outside the merged token structure. FET fell roughly 10% on the news, compounding a decline that had already put the token more than 90% below its all-time high.","heading":"Ocean Protocol's October 2025 exit from the Alliance","severity":"medium","sources":[{"credibility":2,"name":"Yahoo Finance — Ocean Protocol Exits ASI Alliance","type":"news_article","url":"https://finance.yahoo.com/news/ocean-protocol-exits-asi-alliance-134338791.html"},{"credibility":2,"name":"Bankless — Ocean Protocol Withdraws From Artificial Superintelligence Alliance","type":"news_article","url":"https://www.bankless.com/read/news/ocean-protocol-withdraws-from-artificial-superintelligence-alliance"},{"credibility":2,"name":"Fetch.ai statement on Ocean Protocol withdrawal","type":"official","url":"https://x.com/Fetch_ai/status/1976213118276481176"}]},{"content":"Following Ocean's exit, Fetch.ai publicly alleged that Ocean Protocol had converted roughly 661 million OCEAN tokens into approximately 286 million FET tokens and sold about 263 million FET (reported at the time as worth roughly $84 million, and in other reporting closer to $120 million given cumulative price moves) on the open market without proper disclosure to the community, characterizing this as improper treasury liquidation. Ocean Protocol publicly rejected the characterization as \"token theft,\" stating that all conversions were conducted transparently under its own treasury management policies and that its treasury 'remains intact.' Fetch.ai founder Humayun Sheikh stated he would personally fund class-action lawsuits in multiple jurisdictions and offered a reported $250,000 bounty for information on the signatories of the OceanDAO multisignature wallet. Fetch.ai and three token holders subsequently filed a class action in the U.S. District Court for the Southern District of New York against Ocean Protocol and its founders, alleging the community was misled about token handling. In parallel, the dispute reportedly entered formal arbitration under the ASI merger framework. As of late October 2025, reporting indicated the two sides were nearing a settlement involving return of tokens rather than continued litigation; publicly available reporting reviewed for this investigation does not confirm a final resolution.","heading":"Treasury dispute, mutual allegations, and litigation","severity":"high","sources":[{"credibility":2,"name":"Cryptonews — Ocean vs. Fetch.ai Turns Ugly: Inside the $84M ASI Token Scandal","type":"news_article","url":"https://cryptonews.com/news/ocean-vs-fetch-ai-turns-ugly-inside-the-84m-asi-token-scandal-tearing-cryptos-ai-giants-apart/"},{"credibility":2,"name":"Yellow.com — Ocean Protocol Rejects $100 Million Token Theft Claims","type":"news_article","url":"https://yellow.com/news/ocean-protocol-rejects-dollar100-million-token-theft-claims-after-asi-alliance-exit"},{"credibility":2,"name":"Phemex — Ocean Protocol Exits ASI Alliance, Sues Partners","type":"news_article","url":"https://phemex.com/news/article/ocean-protocol-withdraws-from-asi-alliance-files-lawsuit-against-partners-29320"},{"credibility":2,"name":"CryptoSlate — Crypto's flagship AI project fractures: Fetch sues Ocean over 263M FET 'community' sales","type":"news_article","url":"https://cryptoslate.com/cryptos-flagship-ai-pact-fracture-fetch-sues-ocean-over-263m-fet-community-sales/"},{"credibility":2,"name":"Cryptonomist — Fetch ai dispute 2025: Binance restricts OCEAN deposits, legal risk","type":"news_article","url":"https://en.cryptonomist.ch/2025/10/16/fetch-ai-dispute-2025-binance-restricts-ocean-deposits-legal-risk/"},{"credibility":2,"name":"Cryptonews — Fetch and Ocean Near End of $120M Feud; FET Holders Reeling From 93% Crash","type":"news_article","url":"https://cryptonews.com/news/fetch-ai-and-ocean-end-120m-token-feud-fet-holders-still-reeling-from-93-crash/"}]},{"content":"FET reached an all-time high of approximately $3.47 in March 2024, shortly before and during the ASI merger period. As of mid-2026, the token was trading in the $0.20–$0.24 range, a decline of roughly 90–95% from its peak. Reporting attributes the decline to a combination of broader crypto market conditions, large-scale sell pressure from Ocean Protocol's token conversions and liquidations, and a separate incident in which a Nasdaq-listed company that had attempted to raise $500 million to purchase FET reportedly defaulted on notes, pushing roughly 83 million FID tokens into creditor hands. These are alleged contributing factors as reported by crypto trade press rather than findings from a regulatory body.","heading":"FET token price performance","severity":"medium","sources":[{"credibility":2,"name":"CCN — When Will the FET Price Decline End?","type":"news_article","url":"https://www.ccn.com/analysis/crypto/fet-price-crashes-support-collapse/"},{"credibility":2,"name":"Yellow.com Research — What Caused the Fetch.ai-Ocean Protocol Dispute?","type":"research","url":"https://yellow.com/research/what-caused-the-fetchai-ocean-protocol-dispute-a-complete-breakdown"}]},{"content":"In September 2026, Fetch.ai's token conversion infrastructure was affected by a security incident linked to a compromised signing key, in which approximately 8.72 million FET was drained from Fetch.ai's TokenConversionManagerV3 contract in a coordinated attack that also hit the separate NuNet project. This incident is documented in full on AVOID's dedicated incident page and is referenced here only as context; readers should consult that page for details rather than this entity overview.","heading":"Cross-reference: September 2026 NuNet-linked exploit","severity":"high","sources":[{"credibility":2,"name":"AVOID.NET incident page: fetch-ai-nunet-cross-project-exploit-september-2026","type":"other","url":"https://www.avoid.net/fetch-ai-nunet-cross-project-exploit-september-2026"},{"credibility":2,"name":"Crowdfund Insider — $2 Million AI-Crypto Exploit: 8.72M FET Drained, 408.5M NTX Minted","type":"news_article","url":"https://www.crowdfundinsider.com/2026/09/311745-2-million-ai-crypto-exploit-8-72m-fet-drained-408-5m-ntx-minted/"}]},{"content":"FET is listed as a tradable perpetual futures contract with up to 5x leverage on Phoenix Perpetuals (phoenix.trade). This is a routine exchange listing rather than an indicator of project risk in itself, but leveraged exposure to FET carries the volatility and legal-overhang risks described above, including an unresolved treasury dispute and the token's steep decline from its 2024 peak.","heading":"Perpetuals listing context","severity":"low","sources":[{"credibility":3,"name":"Phoenix Perpetuals","type":"other","url":"https://phoenix.trade"}]}],"sources_used":[{"credibility":2,"name":"Bitstamp — What is Fetch.ai (FET)","type":"other","url":"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-fetch-ai-fet/"},{"credibility":2,"name":"CoinMarketCap Academy — What Is Fetch.ai","type":"other","url":"https://coinmarketcap.com/academy/article/what-is-fetch-ai-fet-features-tokenomics-and-price-prediction"},{"credibility":2,"name":"Coinbase — Artificial Superintelligence Alliance (FET) price page","type":"other","url":"https://www.coinbase.com/price/fetch"},{"credibility":1,"name":"CoinDesk — Fetch.ai, SingularityNET, Ocean Protocol Set Date for ASI Token Merger","type":"news_article","url":"https://www.coindesk.com/business/2024/05/29/fetchai-singularitynet-ocean-protocol-set-date-for-asi-alliance-merger"},{"credibility":2,"name":"Fetch.ai blog — June 13 Merger","type":"official","url":"https://www.fetch.ai/blog/june-13-merger"},{"credibility":2,"name":"SingularityNET — Introducing the Artificial Superintelligence Alliance","type":"official","url":"https://singularitynet.io/introducing-the-artificial-superintelligence-alliance/"},{"credibility":2,"name":"Yahoo Finance — ASI Emerges as SingularityNet, Fetch.ai, Ocean Approve $7.5B Merger","type":"news_article","url":"https://finance.yahoo.com/news/artificial-superintelligence-alliance-asi-emerges-053425972.html"},{"credibility":2,"name":"Yahoo Finance — Ocean Protocol Exits ASI Alliance","type":"news_article","url":"https://finance.yahoo.com/news/ocean-protocol-exits-asi-alliance-134338791.html"},{"credibility":2,"name":"Bankless — Ocean Protocol Withdraws From Artificial Superintelligence Alliance","type":"news_article","url":"https://www.bankless.com/read/news/ocean-protocol-withdraws-from-artificial-superintelligence-alliance"},{"credibility":2,"name":"Fetch.ai statement on Ocean Protocol withdrawal","type":"official","url":"https://x.com/Fetch_ai/status/1976213118276481176"},{"credibility":2,"name":"Cryptonews — Ocean vs. Fetch.ai Turns Ugly: Inside the $84M ASI Token Scandal","type":"news_article","url":"https://cryptonews.com/news/ocean-vs-fetch-ai-turns-ugly-inside-the-84m-asi-token-scandal-tearing-cryptos-ai-giants-apart/"},{"credibility":2,"name":"Yellow.com — Ocean Protocol Rejects $100 Million Token Theft Claims","type":"news_article","url":"https://yellow.com/news/ocean-protocol-rejects-dollar100-million-token-theft-claims-after-asi-alliance-exit"},{"credibility":2,"name":"Phemex — Ocean Protocol Exits ASI Alliance, Sues Partners","type":"news_article","url":"https://phemex.com/news/article/ocean-protocol-withdraws-from-asi-alliance-files-lawsuit-against-partners-29320"},{"credibility":2,"name":"CryptoSlate — Crypto's flagship AI project fractures: Fetch sues Ocean over 263M FET 'community' sales","type":"news_article","url":"https://cryptoslate.com/cryptos-flagship-ai-pact-fracture-fetch-sues-ocean-over-263m-fet-community-sales/"},{"credibility":2,"name":"Cryptonomist — Fetch ai dispute 2025: Binance restricts OCEAN deposits, legal risk","type":"news_article","url":"https://en.cryptonomist.ch/2025/10/16/fetch-ai-dispute-2025-binance-restricts-ocean-deposits-legal-risk/"},{"credibility":2,"name":"Cryptonews — Fetch and Ocean Near End of $120M Feud; FET Holders Reeling From 93% Crash","type":"news_article","url":"https://cryptonews.com/news/fetch-ai-and-ocean-end-120m-token-feud-fet-holders-still-reeling-from-93-crash/"},{"credibility":2,"name":"CCN — When Will the FET Price Decline End?","type":"news_article","url":"https://www.ccn.com/analysis/crypto/fet-price-crashes-support-collapse/"},{"credibility":2,"name":"Yellow.com Research — What Caused the Fetch.ai-Ocean Protocol Dispute?","type":"research","url":"https://yellow.com/research/what-caused-the-fetchai-ocean-protocol-dispute-a-complete-breakdown"},{"credibility":2,"name":"Crowdfund Insider — $2 Million AI-Crypto Exploit: 8.72M FET Drained, 408.5M NTX Minted","type":"news_article","url":"https://www.crowdfundinsider.com/2026/09/311745-2-million-ai-crypto-exploit-8-72m-fet-drained-408-5m-ntx-minted/"},{"credibility":3,"name":"Phoenix Perpetuals","type":"other","url":"https://phoenix.trade"}],"summary":"Fetch.ai is a UK-founded, Cambridge-based blockchain-and-AI project launched in 2017 that raised funds via a Binance IEO of its FET token in March 2019. In 2024 Fetch.ai merged its token economics with SingularityNET and Ocean Protocol to form the Artificial Superintelligence Alliance (ASI), with FET as the combined network token. The alliance fractured in October 2025 when Ocean Protocol withdrew, followed by mutual allegations of token mismanagement, a class-action lawsuit, and formal arbitration; the FET token has also fallen roughly 90%+ from its March 2024 all-time high. Fetch.ai is a long-running, exchange-listed project with a real product history, not an identified scam, but it carries active legal/governance overhang and a recent security incident (covered separately) that warrant caution for leveraged trading.","timeline":[{"date":"2017","event":"Fetch.ai founded in the UK by Humayun Sheikh, Toby Simpson, and Thomas Hain.","source":"Bitstamp","source_url":"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-fetch-ai-fet/"},{"date":"2019-03","event":"FET token launched via initial exchange offering on Binance.","source":"CoinMarketCap Academy","source_url":"https://coinmarketcap.com/academy/article/what-is-fetch-ai-fet-features-tokenomics-and-price-prediction"},{"date":"2024-03","event":"Merger of Fetch.ai, SingularityNET, and Ocean Protocol tokens into the Artificial Superintelligence Alliance is announced; FET later reaches its all-time high near $3.47 around this period.","source":"CoinDesk / CCN","source_url":"https://www.coindesk.com/business/2024/05/29/fetchai-singularitynet-ocean-protocol-set-date-for-asi-alliance-merger"},{"date":"2024-06-11","event":"Token migration contract opens for FET-to-ASI conversion.","source":"Fetch.ai blog","source_url":"https://www.fetch.ai/blog/june-13-merger"},{"date":"2024-06-13","event":"AGIX and OCEAN conversions begin; ASI Alliance merger finalized.","source":"Fetch.ai blog","source_url":"https://www.fetch.ai/blog/june-13-merger"},{"date":"2025-10-10","event":"Ocean Protocol Foundation formally withdraws from the ASI Alliance, pulling directors and membership.","source":"Yahoo Finance","source_url":"https://finance.yahoo.com/news/ocean-protocol-exits-asi-alliance-134338791.html"},{"date":"2025-10-16","event":"Binance restricts OCEAN deposits amid escalating dispute; legal risk reporting increases.","source":"Cryptonomist","source_url":"https://en.cryptonomist.ch/2025/10/16/fetch-ai-dispute-2025-binance-restricts-ocean-deposits-legal-risk/"},{"date":"2025-10-21","event":"Humayun Sheikh offers a reported $250,000 bounty for information on OceanDAO multisig signatories; alleges roughly 661 million OCEAN converted to ~286 million FET and ~263 million FET sold.","source":"Cryptonews","source_url":"https://cryptonews.com/news/ocean-vs-fetch-ai-turns-ugly-inside-the-84m-asi-token-scandal-tearing-cryptos-ai-giants-apart/"},{"date":"2025-10","event":"Fetch.ai and three token holders file a class-action lawsuit against Ocean Protocol and its founders in the U.S. District Court for the Southern District of New York; dispute also enters formal arbitration under the ASI merger framework.","source":"CryptoSlate / Yellow.com","source_url":"https://cryptoslate.com/cryptos-flagship-ai-pact-fracture-fetch-sues-ocean-over-263m-fet-community-sales/"},{"date":"2025-10-late","event":"Reports indicate Fetch.ai and Ocean Protocol are nearing a settlement involving token return rather than continued litigation; final resolution not confirmed in public reporting reviewed.","source":"Cryptonews","source_url":"https://cryptonews.com/news/fetch-ai-and-ocean-end-120m-token-feud-fet-holders-still-reeling-from-93-crash/"},{"date":"2026-09-19","event":"Attacker drains approximately 8.72 million FET from Fetch.ai's TokenConversionManagerV3 contract in an incident linked to a parallel NuNet exploit; see AVOID's dedicated incident page.","source":"Crowdfund Insider","source_url":"https://www.crowdfundinsider.com/2026/09/311745-2-million-ai-crypto-exploit-8-72m-fet-drained-408-5m-ntx-minted/"}]},"v":1}

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