TREE NEWS update: Ondo founder and CEO Nathan Allman died unexpectedly in May at age 32, and a dispute over his estate has grown into a fight for control of the asset-tokenization firm. Hawaii courts named his mother Kathleen Allman as personal representative of the estate; she then moved to replace CEO Ian De Bode, who denies wrongdoing. De Bode’s pay package included $900,000 in salary and bonus, a $1 million signing bonus and 26 million restricted ONDO tokens.
Ondo Founder’s Death Sparks Estate Fight Over Control of Tokenization Firm
AI take
Governance risk is the real story here, not the estate itself. A founder's sudden death handing effective control to an estate representative, and a push to replace a sitting CEO who disputes it, puts a tokenization firm's leadership in probate court — a structure crypto governance was meant to avoid. The open question is whether this stays a legal matter or spills into tokenholder and partner confidence.
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