Sol founder’s ex-wife accuses Akridge of misusing her SOL stash

In a most recent report, it has been noted that the ex-wife of Solana founder has accused Stephen Akridge of making huge profits leveraging her holdings of SOL through staking rewards.

Elisa Rossi, the ex-wife of Solana co-founder, has registered a lawsuit against Akridge in San Francisco Superior Court claiming that his husband has made millions by secretly using the tokens of the blockchain owned by her.

The filed complaint reads that Akridge backed the establishment of Solana Labs in 2018, working as principal engineer, and currently serving as the chief executive officer of Cyber Grant, a company offering cybersecurity services.

The complaint of Rossi quotes “merely gave Ms. Rossi’s Solana wallet authority over three accounts that contained the Solana tokens,” which helped him ” to secretly continue staking Ms. Rossi’s Solana tokens and earned millions of dollars in staking rewards until Ms. Rossi discovered the deception in May 2024.”

It is worth noting that SOL price has shown major uptrends since the beginning of 2024, on November 23, 2024, it registered its all-time high of $263.83. 

At the time of writing Solana was trading at $193.94 with a weekly surge of 5.21 percent however in the weekly time frame it saw a decline of 21.08 percent. 

In the past 24 hours, the market capitalization of Solana was $92.56 billion with a decline of 1.06 percent making it the 6th most prominent in terms of cap.

Solana’s highest trading price in the past 30 days was $264.42 and lowest traded at $175.91. As per CoinMarketCap SOL/USDT is one of the most traded pairs of Solana followed by SOL/FDUSD. 

It is worth noting that the trading volume of Solana has fallen more than 58.23 percent and total sales slipped by 61.95 percent. 

At the time of writing, the cryptocurrency market capitalization was $3.28 trillion with an intraday decline of 1.35 percent at the same time Bitcoin lost 1.39 percent of its value now trading at $93, 709. 

The loser list in the past 24 hours is ruled by Bitget Token which fell 

over 11.07 percent reaching $6.85 followed by Pudgy Penguins which lost $ 7.36 percent, Mantra (OM), Beam, Ondo, and XRP. 

However, the gainers’ list is topped by Ethena which added 4.52 percent trading at $0.994, Hyperliquid at $28.61 with a surge of 3.62 percent, and FTX token reached $3.57 adding 3.26 percent. 

Over the past 24 hours, the overall volume of the crypto market has increased by 27.88 percent to $102.47 billion. Currently, DeFi’s total volume stands at $8.13 billion, or 7.93 percent of the 24-hour volume of the whole crypto market. The total volume of all stable currencies is $94.52 billion and the dominance of Bitcoin is 56.49%.