Credit: 5second/Adobe StockSolana Labs Co-Founder Allegedly Pocketed Ex-Wife’s ‘Millions of Dollars’ of Crypto Gains
Elisa Rossi claimed in the complaint that her ex-husband pocketed “millions of dollars” in staking rewards on her cryptocurrency until she “discovered the deception” over two months after the parties finalized their divorce agreement.
December 26, 2024 at 01:34 PM
4 minute read
What You Need to Know
- Stephen Akridge and Elisa Rossi were married for about a decade.
- During that time, Akridge was among the co-founders of Solana Labs Inc., which now has a cryptocurrency with a market capitalization in the billions of dollars.
- Rossi claimed that Akridge used his sophisticated understanding of crypto to earn money on tokens he was supposed to transfer to her under their divorce agreement.
Stephen Akridge, a co-founder of Solana Labs Inc. and holder of Solana tokens, a digital asset that has a total market cap of over $90 billion, is facing legal action in San Francisco state court for transferring authority over the cryptocurrency to his ex-wife under a divorce agreement but directing the "millions of dollars" of yield—the blockchain equivalent of interest—to addresses under his control.
The couple’s story dates back to March 8, 2013, when Akridge, the defendant, who worked at Qualcomm Inc., a semiconductor company, married Elisa Rossi, the plaintiff. About five years later, Anatoly Yakovenko, Akridge’s colleague, recruited him and four others to start a company that would become Solana Labs.
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