Jito Foundation acquires and revives SolanaFloor following shutdown over $27 million exploit
The Jito Foundation has acquired and is relaunching SolanaFloor, a Solana data platform, after it shut down due to a $27 million exploit at its parent company.Summary
The Jito Foundation announced its acquisition of SolanaFloor, a data platform and news site focused on the Solana blockchain, with plans to immediately relaunch the publication. SolanaFloor had ceased operations last month following a $27 million exploit linked to its parent organization, Step Finance, which prevented them from continuing operations despite exploring financing and acquisition options.
Jito stepped in to revive the site, though the acquisition value was not disclosed. The foundation affirmed that SolanaFloor will resume publishing immediately while maintaining editorial independence, continuing to cover network activity, market movements, and technical development within the Solana ecosystem. Brian Smith, president of Jito Foundation, stated the acquisition reflects a commitment to supporting the information infrastructure necessary for market participants to understand on-chain developments.
Jito itself is integral to Solana's infrastructure, developing software for validators to manage transaction ordering and capture MEV, and running a liquid staking system using JitoSOL. Under the new ownership, SolanaFloor's editorial team will retain control over story selection and coverage priorities.
(Source：CoinDesk)