Solana Co-Founder Sued for Alleged Theft of Staking Rewards
Stephen Akridge, Co-Founder Solanasued by his ex-wife Elisa Rossi. The lawsuit alleges that he misappropriated “millions of dollars” in cryptocurrency earnings from her digital currency. wallet.
Rossi filed the lawsuit in San Francisco Superior Court, accusing Akridge of taking advantage of her lack of technical expertise to control her staking rewards.
Solana co-founder suspected of stealing ex-wife’s SOL staking rewards
according to complainAkrich allegedly diverted all staking commissions from Solana held by Rossi for personal gain between March and May 2023. Staking involves staking cryptocurrency Verify blockchain transactions and earn additional tokens in return.
Meanwhile, the couple has been involved in a legal battle after filing for divorce in February 2023 after ten years of marriage. Rossi is seeking damages for breach of contract, unjust enrichment and fraud.
Previously, Akridge worked at Qualcomm before co-founding Solana. Along with Anatoly Yakovenko and Raj Gokal, he serves as the lead engineer of the blockchain platform.
“Cryptocurrency Divorce: Drama Alert! Elisa Rossi says her ex-husband Stephen Akridge has millions of dollars in rewards stashed away in Solana. The kicker? “Good luck getting those rewards,” he allegedly laughed. ! “She is now taking him to court,” Mario Nofal Wrote on X (formerly Twitter).
This isn’t the first time cryptocurrency staking has been at the center of a legal battle. In October, an investor named Joshua Jarrett filed a Litigation Against the Internal Revenue Service. The complaint argued that tokens obtained from cryptocurrency staking should not legally be considered taxable income but should be treated as new property.
Meanwhile, Solana has grown significantly despite setbacks related to its collapse. FTX Exchange and Sam Bankman-Fried’s Trading Company Alameda Research Corporation. Solana’s price fell below $10 during the FTX crisis, but has since rebounded strongly.
Overall, by 2024, Altcoins gain more than 70% and reached an all-time high of $263 in November. Its growth has been fueled by a surge in transactions and activity, particularly around Meme Coin. This growth has prompted Solana to become The second largest blockchain TVL after Ethereum.
Cryptocurrency-related legal disputes are becoming increasingly common. Earlier this year, a Former Binance employee files whistleblower lawsuit In the UK, allegations of bribery and wrongful dismissal were made.
In another case, Dogecoin investors Class action lawsuit against Elon Musk droppedaccusing him of market manipulation. These developments highlight the legal complexities and controversies in the cryptocurrency space.
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