Stephen Akridge, co-founder of Solana, faces a lawsuit filed by his ex-wife Elisa Rossi.
Rossi alleges he secretly profited from her Solana (SOL) tokens by way of staking rewards.
Filed in San Francisco’s Superior Court docket on 24 December 2024, the grievance accuses Akridge of incomes “tens of millions of {dollars}” in staking rewards from her tokens with out her consent.
Rossi claims that underneath their March divorce settlement, the SOL tokens have been to be cut up equitably. Nevertheless, she alleges Akridge exploited his superior information of cryptocurrencies to retain management of the tokens.
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Solana Co-Founder Secretly Staked Ex-Spouse’s Tokens
In response to the grievance, Akridge granted Rossi’s pockets authority over three accounts containing SOL. He continued staking the tokens and gathering rewards in secret till Rossi found the exercise in Might 2024.
The whole variety of SOL tokens and the precise quantity allegedly misappropriated stay undisclosed within the lawsuit, although it notes the sum exceeds $25,000. The submitting highlights “vital sums at subject” and features a request to seal delicate components of the case.
Rossi claims to have despatched a number of textual content messages between Might and December 2024, looking for the return of the staking rewards, solely to be met with dismissive responses. She alleges Akridge laughed at her and mentioned, “Good luck getting these staking rewards from me.”
Solana co-founder Stephen Akridge is being sued by his ex-wife Elisa Rossi, who accuses him of withholding tens of millions of {dollars} in staking rewards as a part of their divorce settlement. pic.twitter.com/hsjROrhnYZ
— Sid Woolley (@SeritGTR) December 30, 2024
Akridge, who served as Solana Labs’ principal engineer and is now CEO of the cybersecurity agency Cyber Grant, has not publicly commented on the allegations.
Solana, a blockchain community identified for internet hosting a number of 2024 crypto tendencies like memecoins, permits customers to stake SOL tokens to validate transactions and earn rewards.
With SOL’s worth hovering to an all-time excessive of $263 final month, staking rewards have turn out to be a profitable supply of earnings for token holders.
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Solana Surpasses Ethereum As High Ecosystem for New Builders
As reported, Solana has overtaken Ethereum as the highest vacation spot for brand new builders in 2024, breaking Ethereum’s eight-year dominance in the area.
Solana noticed 7,625 new builders be part of its ecosystem this 12 months, surpassing Ethereum’s 6,456. The surge was pushed largely by elevated developer exercise in Asia.
Solana’s momentum started in July, when it formally outpaced Ethereum in onboarding new builders for the primary time since 2016. This development continued by way of the rest of 2024, with Solana’s developer exercise rising by 83% 12 months over 12 months.
Moreover, Solana achieved over $100 billion in decentralized alternate (DEX) buying and selling quantity for the second consecutive month in December.
With a $107.865 billion in month-to-month DEX quantity (as of Dec. 27), Solana outpaced its opponents in December, together with Binance Good Chain (BSC) and Ethereum, which recorded $91.444 billion and $84.168 billion.
In November, Solana additionally reigned supreme with $129.736 billion in DEX quantity, effectively forward of Ethereum’s $70.635 billion.
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