#ondofinancesoughtsaleafterfoundersdeath
đš Ondo Finance Faces a New Twist After Founderâs Death
Ondo Finance is now at the center of a disputed sale story.
CoinDesk reported that three people familiar with the matter said prospective buyers were approached after founder and CEO Nathan Allman died on May 25 at age 32. However, the report could not establish who initiated the outreach or what valuation was discussed. î
The situation is complicated by an ongoing legal battle over control of Ondo. Allman reportedly died without a will while holding a controlling stake, and his estate later became involved in a dispute with acting CEO Ian De Bode over corporate control.
But there is a major contradiction:
Ondo Finance strongly denies that it ever sought buyers, calling the reported sale talks âwholly untrue.â The company says nobody at Ondo had shopped the business, entered sale discussions, or authorized anyone to do so.
For ONDO traders, the key issue isn't simply the sale report â it's the uncertainty surrounding leadership, ownership and control while the court dispute remains active.
â ïž My Take: Until the ownership dispute becomes clearer, ONDO could remain sensitive to further headlines and legal developments.
Would you hold ONDO while this governance dispute is still unresolved?
TRADE $ONDO HERE
#ONDOâŹâ© #RWA
đš Ondo Finance Faces a New Twist After Founderâs Death
Ondo Finance is now at the center of a disputed sale story.
CoinDesk reported that three people familiar with the matter said prospective buyers were approached after founder and CEO Nathan Allman died on May 25 at age 32. However, the report could not establish who initiated the outreach or what valuation was discussed. î
The situation is complicated by an ongoing legal battle over control of Ondo. Allman reportedly died without a will while holding a controlling stake, and his estate later became involved in a dispute with acting CEO Ian De Bode over corporate control.
But there is a major contradiction:
Ondo Finance strongly denies that it ever sought buyers, calling the reported sale talks âwholly untrue.â The company says nobody at Ondo had shopped the business, entered sale discussions, or authorized anyone to do so.
For ONDO traders, the key issue isn't simply the sale report â it's the uncertainty surrounding leadership, ownership and control while the court dispute remains active.
â ïž My Take: Until the ownership dispute becomes clearer, ONDO could remain sensitive to further headlines and legal developments.
Would you hold ONDO while this governance dispute is still unresolved?
TRADE $ONDO HERE
#ONDOâŹâ© #RWA
