Ondo Finance faces control dispute after founder's death
Following the death of founder and sole director Nathan Allman in May, his mother Kathleen Allman, as estate representative, has filed suit in Delaware court to regain control of Ondo Finance and remove current CEO Ian De Bode. The family claims it has legally obtained controlling voting power, has restructured the board, and appointed Kathleen as interim CEO. Multiple court filings and rival boards are reported.
Detected & updated continuously · Source: Nebula
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@blockhead_co
Three court filings, two rival boards, and an unresolved question of control at a company managing billions in tokenized Treasuries and equities. #OndoFinance #Tokenization #DigitalAssets #CryptoGovernance #RWA Read more here⤵️ https://t.co/ubfvSctbY0
@DBCrypt0
Ondo's board had one member! and he died in May… Nathan Allman was CEO, sole director, and controlling shareholder His successor took over by default with no vote because of ‘bylaws’ 😂 The same Ondo that is one of the largest issuers of tokenized US Treasuries and equities
@vncrypto91
Cuộc tranh chấp quyền kiểm soát tại Ondo Finance. Mẹ của cố sáng lập viên Nathan Allman đang kiện để lấy lại quyền kiểm soát công ty và yêu cầu loại bỏ CEO hiện tại Ian De Bode. Theo các hồ sơ tòa án, phía gia đình cho rằng De Bode đã tự ý nắm quyền sau https://t.co/80F5payYDK
@timbrobro
“最合规”的 RWA 龙头 Ondo Finance 今天炸了 创始人 Nathan Allman 去世后，其母亲 Kathleen Allman 作为遗产代表，正式向特拉华法院起诉，要求夺回公司控制权，并罢免现任 CEO Ian De Bode。 母亲方称自己已合法获得控股投票权，并已重组董事会、罢免 De Bode，任命自己为临时 CEO。
@2xnmore
Everyone read this as the Ondo drama. The people who actually get it read it as a warning about half the RWA projects they hold right now. One founder. One thin board. One event nobody planned for. Ondo is just the first name to prove it in public. The chart tells you what https://t.co/5YGWOYF64b