Solana Co-Founder Indicted for Allegedly Stealing ‘Millions of Dollars’ in Crypto Staking Rewards: Report

A co-founder of Ethereum (ETH) rival Solana (SOL) is reportedly going through a lawsuit for allegedly embezzling earnings from his ex-wife’s crypto holdings.

Bloomberg reports that Elisa Rossi has filed a criticism in San Francisco Superior Courtroom, accusing her ex-husband Stephen Akridge of stealing tens of millions of {dollars} in wagering rewards obtained from her Solana tokens.

Staking rewards are much like curiosity earned on a financial institution deposit. Crypto holders who take part within the staking course of lock their belongings for a sure time period to validate blockchain transactions and earn extra tokens as a reward.

In accordance with the criticism, the dispute started after Akridge and Rossi filed for divorce in February 2023. Rossi claims that from early March to mid-Could, Akridge managed and managed the accounts in query and acquired all SOL token commissions.

Rossi says Akridge, chief engineer at Solana and now CEO of California-based cybersecurity agency Cyber ​​Grant, “benefited from the numerous variations in cryptocurrency and blockchain experience he possessed.”

The worth of the disputed tokens is disputed within the lawsuit, however Rossi says a major sum of money is concerned. She is looking for damages for claims and alleges that Akridge is responsible of breach of contract, unjust enrichment and fraud.

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