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    Home»Altcoins»Solana Co-Founder Sued for Allegedly Stealing 'Thousands and thousands of {Dollars}' Price of Crypto Staking Rewards: Report – The Each day Hodl
    Solana Co-Founder Sued for Allegedly Stealing 'Thousands and thousands of {Dollars}' Price of Crypto Staking Rewards: Report – The Each day Hodl
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    Solana Co-Founder Sued for Allegedly Stealing 'Thousands and thousands of {Dollars}' Price of Crypto Staking Rewards: Report – The Each day Hodl

    By Crypto EditorDecember 29, 2024No Comments2 Mins Read
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    A co-founder of Ethereum (ETH) rival Solana (SOL) is reportedly dealing with a lawsuit for allegedly misappropriating the revenue earned from his former spouse’s crypto holdings.

    Bloomberg experiences that Elisa Rossi has filed a criticism with the San Francisco Superior Court docket accusing her ex-husband Stephen Akridge of stealing hundreds of thousands 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 property for a sure interval to validate blockchain transactions and earn extra tokens as a reward. 

    The criticism says the dispute began after Akridge and Rossi filed for divorce in February 2023. Rossi alleges that from early March to mid-Might, Akridge operated and managed the accounts in situation and obtained the entire 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 big sum is concerned. She is searching for damages for claims and contends that Akridge engaged in breach of contract, unjust enrichment and fraud. 

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    Solana Co-Founder Sued for Allegedly Stealing 'Thousands and thousands of {Dollars}' Price of Crypto Staking Rewards: Report – The Each day Hodl

    Disclaimer: Opinions expressed at The Each day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any losses you could incur are your accountability. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please be aware that The Each day Hodl participates in online marketing.

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