Ondo Finance Faces Leadership Battle After Founder Nathan Allman’s Death

TLDR

• Ondo Finance founder Nathan Allman died in May 2026, leaving a leadership vacuum at the crypto firm
• His mother, Kathleen Allman, filed suit in Delaware court alleging Ian De Bode wrongfully seized CEO control
• De Bode claims he automatically became CEO under company bylaws after Allman’s death
• Kathleen Allman was appointed personal representative of the estate by a Hawaii court in late June
• On July 24, the Allman-led board voted to remove De Bode from all positions at the company

Ondo Finance, a crypto firm specializing in tokenized real-world assets, is at the center of a legal battle over who controls the company after the death of its founder.

JUST IN: The mother of Ondo Finance's late founder is seeking control of the company and the removal of CEO Ian De Bode.

Kathleen Allman alleges De Bode assumed the role without board approval.

She says she holds a controlling voting interest as representative of her son's… https://t.co/yUE3On1g4p pic.twitter.com/m2EJlBgAnR

- Coin Bureau (@coinbureau) August 6, 2026

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