Ondo Finance Sale Talks Hit by Founder's Estate Dispute

Ondo Finance's sale talks have emerged amidst a control fight between the company's founder Nathan Allman's estate and acting CEO Ian De Bode.

The dispute began after Allman's unexpected death in May, leaving his stake and ONDO holdings unresolved. His parents were awarded custody of his estate through probate proceedings, but family members and investors are contesting control.

A court order restricts major company moves, allowing De Bode to manage daily operations but blocking significant changes until the dispute is resolved.