Heirs of Ondo Finance founder fight for control of company and ONDO tokens
- —Nathan Allman died in May without a will, leaving a controlling stake and a large ONDO holding
- —Kathleen Allman is suing acting CEO Ian De Bode over an $11 million compensation package
- —The founder's sister and investor David Chen are seeking limited guardianship over Kathleen
- —Kathleen denies the allegations and links the lawsuit to pressure from De Bode
Why it matters: The fight for control and a large ONDO stake creates uncertainty for the protocol's governance and token holders.
Source: PANews