A co-founder of Ethereum (ETH) rival Solana (SOL) is reportedly dealing with a lawsuit for allegedly misappropriating the earnings earned from his former spouse’s crypto holdings.
Bloomberg stories that Elisa Rossi has filed a grievance with the San Francisco Superior Courtroom accusing her ex-husband Stephen Akridge of stealing thousands and thousands of {dollars} value of staking rewards gained from her Solana tokens.
Staking rewards are just like curiosity earned from a financial institution deposit. Crypto holders who take part within the staking course of lock their property for a sure interval to validate blockchain transactions and earn extra tokens as a reward.
The grievance says the dispute began after Akridge and Rossi filed for divorce in February 2023. Rossi alleges that from early March to mid-Could, Akridge operated and managed the accounts in challenge and obtained the entire SOL token commissions.
Rossi says that Akridge, who served as principal engineer at Solana and is now the CEO of California-based cybersecurity firm Cyber Grant, “took benefit of the numerous disparity in experience in cryptocurrencies and blockchain that he possessed.”
The worth of the tokens in dispute is blacked out within the go well with however Rossi says a big sum is concerned. She is looking for damages for claims and contends that Akridge engaged in breach of contract, unjust enrichment and fraud.
Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox
Examine Worth Motion
Comply with us on X, Fb and Telegram
Surf The Each day Hodl Combine
 

Disclaimer: Opinions expressed at The Each day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any losses it’s possible you’ll incur are your duty. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please observe that The Each day Hodl participates in affiliate internet marketing.
Generated Picture: Midjourney