Ethereum Nears Major Upgrade While Ocean Protocol Faces Dump Allegations
Ethereum Nears Major Upgrade While Ocean Protocol Faces Dump Allegations
Ethereum is preparing for its Dec. 3 Fusaka upgrade, currently in its final testnet phase, which aims to improve block efficiency and reduce denial-of-service risks. Concurrently, Ocean Protocol's team is facing serious allegations of a $120 million token dump, involving the conversion of OCEAN tokens to FET, though the team denies these claims.
While Ocean Protocol denied the allegations, onchain data points to an Ocean Protocol-linked multisignature wallet converting about 661 million Ocean tokens into 286 million FET.
The cap on individual transactions aims to improve block efficiency, reduce DoS risks and lay the groundwork for parallel execution in future upgrades like Glamsterdam.