ME News reports that on August 7 (UTC+8), the estate of Nathan Allman, founder of tokenization company Ondo Finance, accused former president Ian De Bode of illegally seizing control of the company after the founder’s death. A related lawsuit has been filed in a Delaware court, seeking a judicial determination of who lawfully controls the company and requesting that the current status be maintained. The estate stated that it initially collaborated with De Bode before reorganizing the board and voting to remove him from his position. (Source: ODAILY)
Ondo Finance Founder's Estate Files Lawsuit Over Company Control
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Summary
The estate of Ondo Finance founder Nathan Allman has filed a lawsuit in Delaware, alleging that former president Ian De Bode violated CFT protocols by seizing control following the founder’s death. The estate is seeking a court order to clarify legal ownership and preserve the current structure, claiming it initially partnered with De Bode but later restructured the board and voted him out. The case could impact liquidity in crypto markets, as control disputes often undermine investor confidence and operational stability.
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