Solana DeFi platform Step Finance investigating $29 million treasury wallet compromise
The Block
Solana DeFi platform Step Finance is investigating a security breach affecting its treasury wallets, resulting in the loss of approximately $29 million in SOL.Summary
Step Finance, a DeFi platform in the Solana ecosystem, announced an ongoing investigation into a security breach affecting some of its treasury and fee wallets. Onchain data indicates that about 261,854 SOL, valued at roughly $29 million at the time, was unstaked and transferred out during the incident. The platform has requested assistance from cybersecurity firms but has not yet disclosed the root cause of the compromise, whether it was a smart contract vulnerability or an access control issue, or if any user funds were impacted. The STEP token price subsequently dropped over 60%. This incident adds to a growing list of compromises within the Solana ecosystem projects.
(Source：The Block)