Solana co-founder Stephen Akridge is embroiled in a legal dispute with his ex-wife, Elisa Rossi, over alleged misappropriation of substantial Solana (SOL) profits
Rossi claims that Akridge used his advanced crypto and blockchain expertise to siphon off rewards from his digital wallet.
According to the complaint, Akridgeridge’s actions resulted in Rossi losing “millions of dollars” in revenue. He further alleged that Akridge controlled his accounts from early March to mid-May and reaped 100% of the staking fees allocated to his SOL holdings.
While the exact value of the disputed tokens remains undisclosed, Rossi has described the sums as “significant” and requested that parts of the complaint be kept confidential. Solana Labs and the attorneys 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 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 California-based cybersecurity firm.
The couple filed for divorce in February 2023 after a decade of marriage. RossiiS’s lawsuit alleges breach of contract, unjust enrichment, and fraud and seeks damages for the financial losses it claims to have incurred.
Liquid Staking Growth on Solana
According to different platforms, staking SOL tokens grants an annual percentage yield (APY) ranging from 5.6% to 12%.
However, users are increasing their yields by using liquid staking platforms as the total value is locked (TVL) Jito suggests. The protocol is the largest on Solana by TVL, approaching $2.7 billion per DefiLlama data.