Love stories end badly… usually. Betrayals, stormy divorces, spectacular trials: when you add a pinch of crypto to the pot, it quickly turns into a Shakespearean tragedy. This time, it is Solana which serves as the backdrop to an explosive dispute. Stephen Akridge, co-founder of Solana, finds himself accused by his ex-wife, Elisa Rossi, of having embezzled his juicy staking profits.
Staking turned poison: the Akridge affair
Staking, for beginners, is a bit like parking your car in a paid parking lot, except that you get paid for it. SOL holders lock up their tokens to secure the Solana networkthus garnering crypto rewards.
But for Elisa Rossithese gains mysteriously vanished.
According to his complaint filed in San Francisco, Stephen Akridge allegedly manipulated his accounts to siphon off millions of dollars in profits. An incredible scenario where blockchain expertise rhymes with domestic fraud. Although the exact amounts are obscured by partially redacted documents, Rossi speaks of are “significant”.
To better understand the issue:
- Record price : SOL reached $265 in November;
- Valuation : market capitalization beyond 100 billion dollars;
- TVL : $9.35 billion locked up in DeFi;
- Trading volume : more than $6 billion daily.
Akridge, now CEO of Cyber Grant Inc., did not deign to comment on this marital battle blockchain version.
Crypto SOL: resilience and controversies
This trial comes at a pivotal moment for Solana. Since its launch in 2017, blockchain has established itself as a serious alternative to Ethereum thanks to its Proof-of-History mechanism. Able to process 65,000 transactions per secondit attracted the spotlight of the DeFi and NFT sector.
However, his association with Sam Bankman-Fried and the collapse of FTX in 2022 took its toll. While the SOL price had fallen below $10, it miraculously rebounded. Today, despite regular outages and criticism of its reliability, Solana continues to attract developers and investors.
As a legal expert interviewed by Law.com : “ This trial could tarnish Akridge's legacy as the builder of Solana. »
And if the altcoin still shines on the market, this affair adds a shadow to the picture.
However, Solana can still prove its ability to weather the odds, whether it's beating Bitcoin and Ethereum or surviving personal scandals. Despite the controversies, the altcoin is firmly holding on to its place in the crypto landscape.
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