Humayun (@HMsheikh4): While legals are happening and we take every action possible to fix this problem. I want to lay out facts and events so community can see what is happ…
Estimated coin impact
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While legals are happening and we take every action possible to fix this problem. I want to lay out facts and events so community can see what is happening. If Ocean as stand alone project did this it would be classed as a rug pull! (Only my opinion)… On May 25, 2023, the Ocean Protocol foundation minted and transferred 719,100,000 OCEAN tokens to 0x4D9B76Df13DF257A674AEc7Ec7232741A6E73883. On July 1, 2025, 661,218,319 OCEAN tokens were exchanged for 286,456,967.46 FET, On July 3 and July 14, 2025 a total of 76,500,106 FET tokens were transferred to: 0xc248340B5ea577Ce21a924EaE23fAB587595a194 Of this amount, 21,200,000 FET were subsequently transferred to Binance and 55,300,000 FET to 0xfB19085AC3951cB0AF7B5A6126F4bfF8E2D1F8eE (an address linked to GSR Markets) On July 3 and July 14, 2025, a total of 13,500,000 FET tokens were transferred to address: 0x65a3C3e81Ba0efa17AF252a6B4CcE669deA9E595 (funding of this account came from EXAGROUP) the balance remaining in 0x4D9B7 was 196,457,400 FET tokens subsequently moved in a batch transaction to thirty newly created Gnosis Safe accounts on August 31, 2025. These have now mostly moved to Binance. More info to follow! I urge Binance, GSR and Exagroup to investigate these transfers and do the right thing! I stand united with the community and working to get this resolved asap. Open to any conversation with Ocean protocol, private or public!