[ad_1]
A co-founder of Ethereum (ETH) rival Solana (SOL) is reportedly going through a lawsuit for allegedly misappropriating the earnings earned from his former spouse’s crypto holdings.
Bloomberg reports that Elisa Rossi has filed a grievance with the San Francisco Superior Court docket accusing her ex-husband Stephen Akridge of stealing tens of millions of {dollars} price of staking rewards gained from her Solana tokens.
Staking rewards are much like curiosity earned from a financial institution deposit. Crypto holders who take part within the staking course of lock their belongings 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 all the 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 swimsuit however Rossi says a major sum is concerned. She is in search of 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 Price Action
Observe us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Day by day Hodl will not be funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any losses you might incur are your duty. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please observe that The Day by day Hodl participates in online marketing.
Generated Picture: Midjourney
[ad_2]
Source link