Ondo Finance refuted reports that it was offered for sale following the death of founder Nathan Allman in May 2026. The company stated no sale discussions or efforts were made. Meanwhile, a legal dispute is ongoing between Allman's mother, Kathleen, and acting CEO Ian De Bode over control of Ondo, with a court order allowing De Bode to manage daily operations but blocking major changes. Despite the turmoil, Ondo continues its business, recently launching a new institutional share conversion service through Alpaca’s Instant Tokenization Network.
Ondo Finance's ongoing legal dispute over control provides context for cryptocurrency market activity. For readers following digital assets, here is Pluang's market snapshot as of Sep 25, 2026 16:21 WIB: of 50 major cryptocurrencies priced on Pluang, 45 rose and 4 fell today. Notable movers include SAND (The Sandbox) at Rp800 with a 1-day change of +11.04% and a typical hold time of 123 days, SNX (Synthetix) at Rp4.632 with +10.55% change and 69 days hold time, and XLM (Stellar) at Rp3.925 with +9.88% change and 83 days hold time. Pluang order activity varied, with SAND showing 38% sell and 62% buy, SNX 93% sell and 7% buy, and XLM 67% sell and 33% buy.
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