A co-founder of Ethereum (ETH) rival Solana (SOL) is reportedly dealing with a lawsuit for allegedly misappropriating the earnings earned from his former spouse’s crypto holdings.
Bloomberg reports that Elisa Rossi has filed a grievance with the San Francisco Superior Court docket accusing her ex-husband Stephen Akridge of stealing tens of millions of {dollars} price of staking rewards gained from her Solana tokens.
Staking rewards are just like curiosity earned from a financial institution deposit. Crypto holders who take part within the staking course of lock their property for a sure interval to validate blockchain transactions and earn extra tokens as a reward.
The grievance says the dispute began after Akridge and Rossi filed for divorce in February 2023. Rossi alleges that from early March to mid-Might, Akridge operated and managed the accounts in concern and obtained all the SOL token commissions.
Rossi says that Akridge, who served as principal engineer at Solana and is now the CEO of California-based cybersecurity firm Cyber Grant, “took benefit of the numerous disparity in experience in cryptocurrencies and blockchain that he possessed.”
The worth of the tokens in dispute is blacked out within the go well with however Rossi says a big sum is concerned. She is searching for damages for claims and contends that Akridge engaged in breach of contract, unjust enrichment and fraud.
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