Stephen Akridge, co-founder of Solana, is being sued by his ex-wife, Elisa Rossi, who claims he misappropriated millions in cryptocurrency from her wallet.
The lawsuit, filed in San Francisco Superior Court, accuses Akridge of using Rossi’s lack of technical knowledge to redirect her Solana staking rewards for his own benefit between March and May 2023.
Rossi, who divorced Akridge in February 2023 after ten years of marriage, seeks damages for breach of contract, fraud, and unjust enrichment.
Akridge, a former Qualcomm engineer, co-founded Solana with Anatoly Yakovenko and Raj Gokal. The case has drawn attention after Akridge reportedly dismissed Rossi’s efforts to reclaim the funds.
This legal battle adds to growing crypto-related disputes, with notable cases including Joshua Jarrett’s lawsuit against the IRS over staking income tax and the high-profile FTX collapse.
Despite these challenges, Solana’s value rebounded strongly in 2024, increasing by over 70%.
Australia’s efforts to combat crypto-related fraud have intensified, with the country’s Securities and Investments Commission (ASIC) targeting 95 companies allegedly involved in deceptive schemes like pig butchering scams.
Spanish police have busted a criminal network that used AI to run a global investment scam, arresting six individuals linked to the operation.
Mike McGlone, a senior commodity strategist at Bloomberg, has stirred the crypto community with his latest prediction about Bitcoin’s future price movement.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced new sanctions targeting a financial network that supports the Houthis, a group backed by Iran that has been responsible for numerous attacks on vessels in the Red Sea and Gulf of Aden.