The co-founder of Solana, Stephen Akridge, has been sued by his ex-wife, Elisa Rossi, for secretly earning millions of dollars from staking her SOL. According to the divorce agreement between the two, Akridge allegedly took advantage of his crypto expertise and hid these profits derived from staking SOL owned by the ex-wife.
Solana and the secret earnings from staking SOL worth millions of dollars: the ex-wife rebels
Stephen Akridge, co-founder of Solana, was sued by his ex-wife, Elisa Rossa, in the Superior Court of San Francisco on December 24.
The accusation states that Akridge would have earned “millions of dollars in staking rewards of SOL” belonging to his ex-wife, without her knowledge.
Last March, the couple entered into the divorce agreement which provides for the division of the SOL property they owned.
According to the present accusation, however, it seems that Rossi has identified some secret earnings of the ex-husband, deriving from the Solana blockchain as rewards for the staking of SOL owned by him.
The report does not mention how many SOL are involved, but from another accompanying document, it seems to be over $25,000 in SOL from Mrs. Rossi put into staking.
For Mrs. Rossi, Akridge would have “taken advantage of the significant disparity in cryptocurrency expertise”, in order to control her tokens and continue to earn staking rewards from them.
Not only that, another part of the text reads as follows:
“[Akridge] simply granted Mrs. Rossi’s Solana wallet authority over three accounts that contained the Solana tokens,” which allowed him “to continue secretly staking Mrs. Rossi’s Solana tokens and earn millions of dollars in staking rewards until Mrs. Rossi discovered the deception in May 2024.”
Solana and the rewards from staking SOL: Akridge’s response
In general, Solana users can earn additional SOL through staking. In practice, it is enough to lock a number of SOL tokens dedicated to the validation of blockchain transactions to receive rewards in SOL in return.
Moving forward with the lawsuit against the co-founder of Solana, Akridge would have responded to his ex-wife that he had no interest in returning the rewards obtained from staking his SOL.
In the meantime, Solana (SOL) follows with its sixth position in the crypto ranking, with a total market cap of over 92 million dollars.
The price of SOL is down 21% compared to a month ago, when it had reached its ATH – All-Time High or historical maximum at $257.
At the time of writing, SOL is worth $192 and has been fluctuating for a week in a price range between 184-201 dollars.
SOL greets 2024 as a protagonist
Looking at Solana’s 2024, it can be said that SOL has experienced an extraordinary year, with performances that cannot be ignored.
Beyond its price milestone which, as anticipated, reached a new ATH, there are several key elements that have contributed to making SOL one of the crypto bull protagonists of 2024.
First and foremost, one can mention the strong development of the Decentralized Finance (DeFi) sector on the Solana network. In fact, over the last 12 months, the total value locked or TVL on the blockchain has increased by 500%, reaching 8.8 billion dollars in November.
Not only that, another element can be attributed to the growing interest in innovative Solana-based projects like PlutoChain (PLUTO) which shows how investors are seeking new opportunities beyond the more established cryptos.
Other sectors are then NFT, memecoin, and Web3 in general, in which Solana continues to be among the protagonists with its ecosystem based on advanced technology.
