Ondo Finance is embroiled in a leadership crisis following the death of its founder Nathan Allman, who was the sole director and controlling shareholder. His passing left a governance vacuum that led to a power struggle between company president Ian De Bode, who declared himself CEO, and Allman's mother Kathleen, who gained control of the estate shares and restructured the board. Legal battles are ongoing in Delaware courts, with questions over the validity of decisions made during the dispute and concerns about the fitness of the interim CEO. This turmoil highlights risks in single-director governance models and leaves Ondo's future uncertain.
Ondo Finance's succession crisis is the subject, presented here with Pluang's market data for context. For readers following cryptocurrency markets, 46 of 50 major cryptocurrencies rose today, with SUSHI up 11.18% at Rp4.085, BAL up 11.14% at Rp16.297, and AAVE up 10.69% at Rp2.291.234. These figures are as of Sep 18, 2026 03:45 WIB.
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