Solana co-founder Stephen Akridge has been accused of embezzling his ex-wife’s cryptocurrency gains

Stephen Akridge, co-founder of Solana, is embroiled in a legal dispute with his ex-wife, Elisa Rossi, over the alleged embezzlement of significant gains from Solana (Sol) Symbols, Bloomberg News I mentioned On December 27th.

Rossi claims that Akridge used his advanced cryptocurrency and blockchain expertise to withdraw staking rewards from her digital wallet.

According to the complaint, Akridge’s actions resulted in Rossi losing “millions of dollars” in income. It also alleged that Akridge took control of her accounts from early March to mid-May and pocketed 100% of the collection commissions allocated to her SOL properties.

While the exact value of the disputed tokens remains undisclosed, Rossi described the amounts as “significant” and asked that portions of the complaint be kept confidential. Solana Labs and the lawyers representing Akridge and Rossi have not commented publicly.

Akridge was a lead engineer at Solana and played a key role in developing the blockchain platform alongside his co-founders Anatoly Yakovenko And Raj Gokal. Prior to his involvement with Solana, Akridge worked at Qualcomm Inc. He is now the CEO of Cyber ​​Grant, a cybersecurity company based in California.

The couple filed for divorce in February 2023 after a decade of marriage. Rossi’s lawsuit alleges breach of contract, unjust enrichment, and fraud, and seeks damages for the financial losses she claims she suffered.

Growth staking liquid on Solana

Depending on different platforms, staking SOL tokens gives an annual return (APY) ranging from 5.6% to 12%.

However, users boost their returns using liquid staking platforms, with Total Value Locked (TVL) in play. Geto suggests. The protocol is the largest on Solana by TVL, at close to $2.7 billion, per DefiLlama Data. The liquid mortgage market represents approximately 50% of Solana’s total TVL.

Liquid staking gives the user a proxy token with the same amount allocated in the staking, in addition to the platform’s APY. As a result, the new token generated can be used in various decentralized finance protocols, enhancing the potential rewards.

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