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Ondo Finance Succession Dispute Escalates With Conservatorship Petition

An alleged family dispute over an Ondo Finance stake has escalated after Kathleen Allman’s daughter sought a limited conservatorship in Hawaii, citing concerns including dementia, alcoholism and reckless spending, according to a CoinDesk report.

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Ondo Finance Succession Dispute Escalates With Conservatorship Petition

A family dispute surrounding Ondo Finance has intensified after the estranged daughter of 77-year-old Kathleen Allman petitioned a Hawaiian court for a limited conservatorship. According to CoinDesk, the filing seeks to protect her parents’ share of her brother’s stake in Ondo. The petition reportedly includes allegations that Allman is experiencing dementia, has struggled with alcoholism and has engaged in reckless spending. These claims are allegations presented in a court filing and have not been established as fact in the supplied material. The legal dispute adds uncertainty around the succession of assets connected to the Ondo Finance stake, while the court considers the requested conservatorship. Ondo Finance’s token, ONDO, is the directly related market asset.

Source CoinDesk Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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