Ocean Protocol has announced its withdrawal from the ASI Alliance, citing violations by partners SingularityNET and Fetch. The company accused SingularityNET of reckless financial actions, including issuing $100 million in new tokens and maintaining a $6 million monthly burn, which allegedly drained market liquidity. Fetch's founder, Sheikh, was accused of undermining decentralization by selling large token quantities and pressuring Ocean to convert its treasury assets into FET tokens. Ocean's withdrawal request, initially made in April 2024, was met with legal threats. The situation escalated when Fetch and SingularityNET attempted to shut down the token bridge in August 2025, prompting Ocean to file a lawsuit. Ocean attributes the 93% drop in FET token prices to these partners' actions, not its withdrawal. The company remains committed to decentralization and aims to protect its community's interests while focusing on independent technological development.