BTC $84,285.63 -0.11%
ETH $2,672.46 +0.81%
BNB $777.74 +1.92%
XRP $1.51 -0.74%
SOL $115.41 +1.38%
TRX $0.3400 -0.04%
DOGE $0.0949 +0.30%
ADA $0.2457 +2.90%
BCH $341.81 +0.71%
LINK $12.62 +2.35%
HYPE $92.67 -1.06%
AAVE $144.10 +2.19%
SUI $1.00 +4.58%
XLM $0.2064 +0.58%
ZEC $1,516.33 -3.79%
AAPL $337.77 +0.20%
AMZN $247.04 -0.76%
GOOGL $339.82 -0.43%
MSFT $494.17 -0.46%
META $766.49 +2.75%
NVDA $222.38 -1.52%
TSLA $379.14 -0.35%
SNDK $1,792.83 -2.31%
INTC $124.42 +3.31%
SPCX $147.78 -3.01%
MU $1,055.83 -1.92%
AMD $616.50 +1.02%
BTC $84,285.63 -0.11%
ETH $2,672.46 +0.81%
BNB $777.74 +1.92%
XRP $1.51 -0.74%
SOL $115.41 +1.38%
TRX $0.3400 -0.04%
DOGE $0.0949 +0.30%
ADA $0.2457 +2.90%
BCH $341.81 +0.71%
LINK $12.62 +2.35%
HYPE $92.67 -1.06%
AAVE $144.10 +2.19%
SUI $1.00 +4.58%
XLM $0.2064 +0.58%
ZEC $1,516.33 -3.79%
AAPL $337.77 +0.20%
AMZN $247.04 -0.76%
GOOGL $339.82 -0.43%
MSFT $494.17 -0.46%
META $766.49 +2.75%
NVDA $222.38 -1.52%
TSLA $379.14 -0.35%
SNDK $1,792.83 -2.31%
INTC $124.42 +3.31%
SPCX $147.78 -3.01%
MU $1,055.83 -1.92%
AMD $616.50 +1.02%

esc

All
Article
Flash

first_img Ondo's inheritance crisis escalates, founder's mother accused by daughter of dementia and alcoholism

Nathan Allman, the founder of Ondo Finance, suddenly passed away in May this year at the age of 32 without leaving a will. His parents, Kathleen Allman and Lawrence Allman, inherited the estate, including a controlling stake in Ondo and a large number of ONDO tokens. Subsequently, Kathleen Allman sued acting CEO Ian De Bode, accusing him of attempting to seize control of the company and arranging a compensation package of approximately $11 million for himself.Now, this inheritance crisis has escalated further. Nathan's half-sister, Lani Clinton, a medical professor at Duke University, along with Ondo investor David Chen, has applied to the Hawaii court for limited oversight of Kathleen Allman's share of the estate, accusing her of having a long-term alcohol use disorder and progressive cognitive impairment, as well as engaging in extravagant behavior. Documents show that Kathleen had purchased a yacht worth about $4 million, requested the company to cover six-figure charter costs, and stayed at hotels costing about $4,000 per night. Her son also purchased a $18.5 million beachfront residence for his parents in June 2025.Kathleen Allman, through her lawyer, denied the above allegations, stating they are unfounded, and claimed that the application was made by associates of De Bode, representing a last-ditch effort after his attempt to seize power in the Delaware Chancery Court failed. Ondo Finance declined to comment.

The Trump Meme Coin controversy escalates, U.S. senators request SEC to investigate Rug Pull risks

According to CNN, U.S. Democratic Senators Elizabeth Warren and Richard Blumenthal have requested the U.S. Securities and Exchange Commission (SEC) to investigate the Meme coin TRUMP issued by Trump, to confirm whether the project involves fraud or improper profit-making. In a letter to SEC Chairman Paul Atkins, the two stated that the Trump Meme coin project "may constitute an illegal scam" and urged the regulatory agency to investigate whether the token involves "illegal fraudulent activities or facilitates improper profit acquisition."Reports indicate that Trump launched his personal Meme coin TRUMP just days before his inauguration in 2025. After the token went live, its price surged, reaching a market value peak of approximately $9 billion on January 19, 2025, but then plummeted significantly. Currently, the market value of the token has fallen to less than $400 million, a decline of over 95% from its peak. According to data from the cryptocurrency data platform CoinMarketCap, investors who bought at the high are currently facing about a 97% loss. Blockchain analytics firm Nansen previously cited data showing that by the end of June, nearly 1 million investors had incurred losses due to this Meme coin, with total losses amounting to approximately $3.8 billion. About 80% of the supply of the Trump Meme coin is held by entities related to the Trump Organization. Trump has previously stated that he complies with the law and allows his family to manage personal financial matters.Elizabeth Warren and Richard Blumenthal emphasized in their letter whether the project is similar to a Rug Pull in the cryptocurrency industry. They believe that even if it is not a traditional sudden withdrawal scam, it may still fall under a "soft pull" that leads to investor losses through a gradual withdrawal of market support. The SEC has not yet commented on this matter.

hot_img OpenAI publicly responds to Apple's lawsuit: describes it as "careless, aggressive, and personal," stating that Apple mistakenly sent a lawyer's letter and confused the recipient

OpenAI issued a public statement on August 3 in response to the lawsuit filed by Apple. OpenAI described Apple's lawsuit as "careless, aggressive, and personal," and pointed out several factual inaccuracies: an external lawyer from Apple mistakenly sent an email intended for someone else to OpenAI's legal head, falsely claiming that the two parties had spoken over the phone; Apple later admitted it was due to "confusing two Asian surnames." OpenAI also revealed that after contacting Apple in February, Apple stated it was "working to resolve any issues," but then did not communicate for 5 months until filing the lawsuit.Regarding the allegations against former Apple employee Chang Liu for taking confidential information, OpenAI presented iMessage records from after his departure showing that Apple colleagues had proactively contacted him to request assistance in locating documents, and acknowledged that this was a common issue caused by Apple's "poor management of exit access." Another named executive, Tang Tan, had worked at Apple for over 24 years, and OpenAI stated that he had consistently required his team "not to use any confidential information from other companies." OpenAI indicated that it had proactively offered to cooperate in resolving the matter, but Apple chose to file a lawsuit, claiming that its request for a preliminary injunction was "based on false information and completely unnecessary." Previously, Apple sued OpenAI in July, accusing it of poaching Apple employees and using confidential information to develop AI products.
app_icon
ChainCatcher Building the Web3 world with innovations.