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Ondo Finance Succession Dispute Escalates Over Proposed Conservatorship

The succession dispute surrounding Ondo Finance has escalated after Kathleen Allman’s estranged daughter sought a limited Hawaiian conservatorship, citing allegations including dementia, alcoholism and reckless spending to protect her parents’ stake.

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Ondo Finance Succession Dispute Escalates Over Proposed Conservatorship

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 petition seeks to protect her parents’ share of her brother’s stake in Ondo. The filing reportedly alleges that Allman has dementia, struggles with alcoholism and has engaged in reckless spending. These claims are allegations contained in the legal petition and have not been established by the court. The case adds a legal and family dimension to the succession issues surrounding the company, while the petition’s requested conservatorship would be limited in scope. The available information does not indicate any court ruling or describe an effect on the ONDO token. Market participants should distinguish the reported family proceedings from confirmed developments involving Ondo Finance itself.

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