Founder of Ondo Finance Dies Without a Will; Family Disputes $11 Million Compensation Plan

KuCoinFlash

Release Time: 2026/09/17 21:43:06

ONDO

$0.37676.8%

Summary

The Ondo Finance project announcement reveals a legal dispute following the death of founder Nathan Allman without a will. His parents inherited a controlling stake and substantial ONDO token holdings, with his mother suing the interim CEO over $11 million in compensation. A project funding update reveals that Nathan’s half-sister and investor David Chen are seeking limited guardianship over Kathleen’s inheritance, which she denies.

Odaily Planet Daily reports that Nathan Allman, founder of the blockchain project Ondo Finance, died intestate, leaving his parents to inherit his estate, including controlling equity and a large number of ONDO tokens, escalating legal disputes over project control.

Founder's mother, Kathleen Allman, has sued acting CEO Ian De Bode, alleging he attempted to seize control of the company and secured a compensation package worth approximately $11 million for himself.

Nathan Allman’s half-sister, along with Ondo investor David Chen, is seeking a limited guardianship over Kathleen Allman’s share of the estate, citing cognitive impairment and mismanagement of finances; Kathleen Allman denies the allegations. (CoinDesk)

Source:Show original

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.