Solana Labs co-founder hid millions of dollars from cryptocurrency staking

Solana Labs co-founder Stephen Ackridge is at the center of a lawsuit over allegations that he hid «millions of dollars» in proceeds from Solana cryptocurrency staking SOL $190.70 Solana -0.30% Market capitalization $91.48 billion VOL. 24 hours $0.46 billion . His ex-wife Elisa Rossi filed the suit, claiming that during their divorce in 2024, Ackridge manipulated the division of assets by retaining control of her digital token revenues.

The couple entered into a property division agreement in March of this year, but Rossi claims that she received only 25% of the assets instead of the agreed 50%. She notes that her lack of knowledge about blockchain allowed Akridge to funnel millions of dollars into her own accounts, despite having been given formal authority over the crypto wallet.

The woman found out about the concealment two months later and tried in vain to negotiate a refund. She claims that in one of the conversations, Akridge mocked her request, saying: «Good luck getting a staking fee from me.»

The lawsuit includes allegations of fraud, breach of contract, breach of fiduciary duty and unjust enrichment. The case is pending in the San Francisco County Superior Court. The parties' lawyers have not yet commented on the situation.