Solana Labs co-founder accused of hiding ex-wife’s ‘millions of dollars’ in crypto staking gains

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As a seasoned analyst with a deep understanding of the blockchain and cryptocurrency landscape, this case between Stephen Akridge and his ex-wife Elisa Rossi is particularly intriguing. With my years of experience, I’ve seen many cases where the complexities of digital assets can lead to disputes. However, the allegations here seem to take it to a new level.

In simpler terms, the co-founder of Solana Labs, Stephen Akridge, is involved in a legal dispute alleging that he failed to share “large amounts of money” earned through staking rewards, following the dissolution of his marriage.

According to reports, Stephen Akridge, a co-founder of Solana Labs, is facing a lawsuit in the San Francisco court by his former spouse, Elisa Rossi. She alleges that he failed to disclose and withheld substantial amounts of cryptocurrency amassed through staking rewards from Solana (SOL) tokens.

As stated in court documents initially reported by Law.com, Rossi claims that, as part of their divorce settlement, Akridge handed over control of three cryptocurrency wallets to her. However, it’s alleged that Akridge retained the staking rewards by transferring Solana tokens (SOL) to addresses he controlled. Rossi asserts that she found out about this two months after the divorce was officially finalized in March.

…”Without Ms. Rossi’s knowledge, Mr. Akridge, being a co-founder of Solana, exploited his expertise in cryptocurrencies and blockchain that far exceeded hers. As a result, he granted control over three Solana token accounts to her Solana wallet.

Nelson Mullins Riley & Scarborough

According to Rossi’s account, when she inquired about the promised rewards, Akridge allegedly denied them and even ridiculed her, stating “You’ll have a hard time getting those staking rewards from me.” The incident is reported to involve charges of fraud, contract violation, and unjustly benefiting oneself.

Rossi asks the court for both actual and compensatory damages, with the exact amounts to be decided during the trial. Additionally, she requests punitive or statutory exemplary damages, along with pre-trial and post-trial interest at the highest legal rate.

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2024-12-27 14:04