On December 29, 2024, in San Francisco, Stephen Akridge, co-founder of Solana, faces a lawsuit filed by his ex-wife, Elisa Rossi, alleging he manipulated and took millions from her staking rewards. The case claims Akridge utilized his blockchain expertise to operate Rossi's staking accounts without permission, resulting in significant financial losses.
The lawsuit includes five counts: breach of contract, breach of fiduciary duty, unjust enrichment, and fraud. Rossi's complaint highlights Akridge's refusal to return the funds and his dismissive attitude towards her inquiries.
This legal dispute arises as Solana's price recovers, trading above $170 after a significant drop during the FTX controversy, where it fell to $10. Given the current market conditions, Rossi's alleged losses may amount to millions.
The case is ongoing, and there has been no public comment from Akridge or the Solana team.