CoinDesk: Ondo Finance Was Shopped to Potential Buyers After Founder Nathan Allman’s Death

CoinDesk, citing three people familiar with the matter, reported that Ondo Finance was shopped to potential buyers after founder and CEO Nathan Allman died on May 25, though it remains unclear who initiated the effort. Ondo denied seeking buyers or authorizing any sale process, while Allman’s estate declined to comment. Allman died without a will, leaving his controlling stake and large ONDO holdings in probate; his estate was later awarded to his parents. The estate sued acting CEO Ian De Bode in August over control of the company, and a court has barred him from making major changes while the dispute remains unresolved. One source said the legal battle has likely put any potential sale on hold. — link

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