Solana Co-Founder Stephen Akridge Faces Lawsuit Over Alleged Theft of Multi-Million-Dollar SOL Staking Rewards

In a recent development reported by Bloomberg, former Solana co-founder, Stephen Akridge, faces legal action from his ex-wife, Elisa Rossi. She alleges that Akridge misappropriated “multi-million-dollar” rewards accrued from SOL staking. The legal complaint highlights serious allegations including breach of contract, unjust enrichment, and fraud. Rossi asserts that Akridge utilized his advanced knowledge in cryptocurrency and blockchain technology to illicitly access her staking rewards, thus raising significant legal and financial concerns. While Rossi refers to a “substantial amount” of funds in her lawsuit, the exact token valuation has not been publicly revealed. She claims that from early March to mid-May, Akridge exercised control over these accounts. Notably, Akridge, who was instrumental in establishing the Solana blockchain, previously held a position at Qualcomm and is currently the CEO of Cyber Grant, a cybersecurity firm based in California.