Step Finance and SolanaFloor Shut Down After Devastating Hack

Step Finance, along with its associated platforms SolanaFloor and Remora Markets, announced they are winding down all operations immediately due to the severe impact of a treasury hack that occurred at the end of January. The company stated that after exploring financing and acquisition options post-breach, they could not secure a viable path forward. The hack, which compromised devices linked to executives, resulted in the loss of millions in SOL from treasury wallets, proving fatal as Step Finance relied on these funds for operations and expansion. Step Finance is working on a buyback for STEP holders based on a pre-incident snapshot and a redemption process for Remora rToken holders. SolanaFloor will archive its existing content but cease publishing new material, as it could not sustain operations after the financial blow to its parent company. These shutdowns represent the loss of two long-standing Solana ecosystem brands, with Step Finance being a core DeFi infrastructure dashboard and SolanaFloor a major media and analytics platform for the network.

(Source：BeInCrypto)