• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Technology & Startups

Solana Pioneer Sued by Ex-Wife for Millions in Crypto Returns

December 27, 2024
in Technology & Startups
Reading Time: 3 mins read
A A
0
3
SHARES
7
VIEWS
Share on FacebookShare on Twitter


(Bloomberg) — A co-founder of Solana, one of the biggest blockchain platforms in the world, is locked in a legal battle with his former wife over the gains from a cache of lucrative SOL tokens.

Most Read from Bloomberg

Stephen Akridge was accused by his ex-wife, Elisa Rossi, in a lawsuit of stealing “millions of dollars” in income yielded from her digital wallet holdings of Solana, the sixth-largest cryptocurrency by market value.

Akridge “took advantage of the significant disparity in expertise in cryptocurrencies and blockchain that he possessed” and surreptitiously reaped Rossi’s so-called staking rewards, according to a complaint she filed this week in San Francisco Superior Court. Staking refers to the practice of pledging crypto assets to validate blockchain transactions and earning more tokens.

Solana has recently been one of the hottest digital assets. It was once closely associated with now-disgraced entrepreneur Sam Bankman-Fried and his trading firm Alameda Research, and saw its prices fall to below $10 after the collapse of FTX exchange. But Solana has since reemerged as one of the top performers among cryptocurrencies.

The value of the tokens at issue is blacked out in the suit, though Rossi referred to “significant sums” in a request to the court to keep portions of the complaint confidential.

Solana Labs, the developer of the blockchain platform, and attorneys for Akridge and Rossi didn’t respond to requests for comment. Akridge didn’t respond to a request for comment sent to Cyber Grant Inc., a California-based cybersecurity company that announced his appointment as chief executive officer in October.

Akridge, who came from Qualcomm Inc. according to Rossi’s complaint, served as Solana’s principal engineer and worked alongside other co-founders of the platform, Anatoly Yakovenko and Raj Gokal.

The dispute began after Akridge and Rossi filed for a divorce in February 2023 after 10 years of marriage, according to the complaint. In the lawsuit, Rossi accused Akridge of stealing her staking rewards, and is seeking damages for claims including breach of contract, unjust enrichment and fraud.

She says that from early March to mid-May the accounts “were being operated and controlled by Mr. Akridge who was receiving 100% of the commission on the SOL tokens allocated to Ms. Rossi.”

The case is Rossi v. Akridge, CGC-24-620900, California Superior Court, San Francisco County.

–With assistance from Muyao Shen.

Most Read from Bloomberg Businessweek

©2024 Bloomberg L.P.

Tags: Bloombergdigital assetsElisa RossiSan Francisco Superior CourtSolanaStephen Akridge
Previous Post

Wayne Gretzky’s wife promotes Trump endorsement of Great One for PM

Next Post

Osamu Suzuki, who led Japanese automaker into India, dies at 94

Related Posts

OPEC+ set to discuss July oil output hike, may be larger than 411,000 bpd, sources say

May 31, 2025
3

US court extends deadline for improved bids in Citgo parent’s auction

May 30, 2025
9
Next Post
Download app from appStore

Osamu Suzuki, who led Japanese automaker into India, dies at 94

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0

National Post print edition delayed in GTA

May 31, 2025
Egypt denies court ruling threatens historic monastery

Egypt denies court ruling threatens historic monastery

May 31, 2025
San Diego FC to ban 33 fans over postgame brawl

San Diego FC to ban 33 fans over postgame brawl

May 31, 2025

Jannik Sinner drops just 3 games to roll into French Open 4th round todayheadline

May 31, 2025

Recent News

National Post print edition delayed in GTA

May 31, 2025
2
Egypt denies court ruling threatens historic monastery

Egypt denies court ruling threatens historic monastery

May 31, 2025
3
San Diego FC to ban 33 fans over postgame brawl

San Diego FC to ban 33 fans over postgame brawl

May 31, 2025
4

Jannik Sinner drops just 3 games to roll into French Open 4th round todayheadline

May 31, 2025
4

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

National Post print edition delayed in GTA

May 31, 2025
Egypt denies court ruling threatens historic monastery

Egypt denies court ruling threatens historic monastery

May 31, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co