Stephen Akridge, co-founder of Solana, is being taken legal action against by his ex-wife, Elisa Rossi. The suit declares that he abused “countless dollars” in cryptocurrency earnings from her digital wallet.
Rossi submitted the suit in San Francisco Superior Court, implicating Akridge of exploiting her absence of technical knowledge to take control of her staking benefits.
The Solana Co-Founder Allegedly Stole His Ex-Wife’s SOL Staking Rewards
According to the grievance, Akridge presumably rerouted all staking commissions from Rossi’s Solana holdings for his individual advantage in between March and May 2023. Staking includes vowing cryptocurrency to verify blockchain deals, making extra tokens in return.
The legal disagreement follows the couple’s divorce filing in February 2023 after a years of marital relationship. Rossi is looking for damages for breach of agreement, unjustified enrichment, and scams.
Formerly, Akridge operated at Qualcomm Inc. before co-founding Solana. He functioned as primary engineer for the blockchain platform along with Anatoly Yakovenko and Raj Gokal.
“DIVORCE GONE CRYPTO: Drama alert! Elisa Rossi states her ex-hubby Stephen Akridge kept millions in Solana staking benefits. The kicker? He apparently chuckled and stated, ‘Good luck getting those benefits!’ She’s now taking him to court,” Mario Nawfal composed on X (previously Twitter).
This isn’t the very first time that crypto staking has actually been the center of a legal fight. In October, a financier called Joshua Jarrett submitted a claim versus the IRS. The problem argued that tokens made from crypto staking must not lawfully certify as gross income however as brand-new home.
Solana has actually seen substantial development regardless of problems connected to its association with the collapsed FTX exchange and Sam Bankman-Fried’s trading company, Alameda Research. Solana’s rate fell listed below $10 throughout the FTX crisis however made a strong resurgence.
In general, in 2024, the altcoin got over 70% and reached an all-time high of $263 in November. Its development has actually been sustained by the rise in deals and activity, especially around meme coins. This development drove Solana to end up being the second-largest blockchain by TVL after Ethereum.
SOL Six-Month Price Chart. Source: BeInCrypto
Crypto-related legal fights are ending up being significantly typical. Previously this year, a previous Binance staff member submitted a whistleblower claim in the UK, declaring bribery and wrongful termination.
In another case, Dogecoin financiers dropped a class-action suit versus Elon Musk, which had actually implicated him of market control. These advancements highlight the legal intricacies and disagreements emerging in the crypto area.
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