The ongoing conflict between Fetch.ai CEO Humayun Sheikh and the Ocean Protocol Foundation has intensified, involving legal threats and Binance's decision to restrict deposits. The dispute revolves around approximately 286 million Fetch.ai (FET) tokens, valued at $84 million, linked to the 2024 merger of AI-focused crypto projects Fetch.ai, Ocean Protocol, and SingularityNET. Sheikh accused Ocean Protocol of minting and transferring millions of OCEAN tokens before the merger, converting them into FET, and moving them to exchanges without proper disclosure. In response to the escalating situation, Binance announced it will halt support for Ocean deposits starting October 20, citing potential asset loss for ERC-20 deposits made after this date. Although Binance did not explicitly link the decision to the dispute, the restriction suggests internal risk assessments related to the Ethereum-based tokens. Sheikh interpreted this move as Binance responding to his public calls for an investigation into Ocean Protocol's actions. Sheikh has pledged to fund class-action lawsuits and urged FET tokenholders to gather evidence against Ocean Protocol. Ocean Protocol has denied the allegations, labeling them as unfounded and harmful rumors, and stated that their treasury remains intact. The conflict appears to have reached formal legal arbitration, with Ocean Protocol suggesting waiving confidentiality over an adjudicator's findings, a proposal Sheikh reportedly refused.