Solana Co-Founder Sued by Ex-Wife Over Staked SOL Rewards

The lawsuit was filed on December 24 in San Francisco’s Superior Court.

It accuses Akridge of secretly profiting from Rossi’s Solana rewards. It claims he earned staking rewards without her knowledge. Akridge helped launch Solana Labs in 2018 and served as the company’s principal engineer. He is now the CEO of the cybersecurity firm Cyber Grant.

Ex-Wife Accuses Solana Co-Founder of Profiting from SOL

Rossi alleges that during their divorce in March, the couple agreed to split their joint assets, including their Solana holdings. However, she claims that Akridge took advantage of her lack of crypto expertise. So, he continues profiting from her SOL tokens after the divorce.

According to the complaint, Akridge gave Rossi’s Solana wallet authority over three accounts that held the tokens. But, secretly kept control of the staking process. This allowed him to continue earning millions of dollars in staking rewards from Rossi’s tokens.  Until she discovered the deception in May 2024.

BREAKING NEWS:

SOLANA CO-FOUNDER SUED FOR FRAUD 😱🤯🤯

Solana co-founder faces lawsuit for allegedly stealing millions in $SOL staking rewards from his ex-wife.

She claims breach of contract and fraud via The Daily Hodl.

Stephen Akridge, Solana co-founder, is facing a… pic.twitter.com/bMm5pqWAb1

— Mintern (@MinswapIntern) December 29, 2024

The exact number of tokens involved and the total amount allegedly taken are redacted in the complaint. However, the sum is said to exceed $25,000. The filing also hints at “significant sums” at stake. Rossi claims to have sent Akridge over a dozen text messages between May and December about the missing rewards .

Akridge Allegedly Shows No Remorse for Staking Rewards Dispute

Rossi’s complaint details an alarming exchange in which Akridge reportedly told her, “Good luck getting those staking rewards from me,” and laughed in her face when confronted about the issue. The lawsuit paints a picture of Akridge as someone who took advantage of his ex-wife’s trust. It also suggests he showed little remorse for his actions.

As the legal battle continues to unfold, Akridge has not responded to requests for comment. According to Cointelegraph , Cyber Grant was also contacted for a statement. But, no information on Akridge’s legal representation was available at the time of writing.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.