Solana DeFi platform Step Finance shuts down after hack

Step Finance is closing its Solana-based operations after a January cyberattack drained up to $40 million from its treasury and fee wallets. The company confirmed in a post on X that it is shutting down its core platform, along with SolanaFloor and Remora Markets, with immediate effect. The decision comes weeks after a security breach on Jan. 31, 2026, that severely damaged its financial position and disrupted ongoing product development plans. Despite attempts to raise fresh capital or find a buyer, the team said it could not secure a sustainable solution. In its X post, Step Finance thanked users for their support and described the shutdown as the most responsible step given the financial strain and operational damage. https://twitter.

Source: invezz.com

Related symbols: SOLUSD

2026-02-24 08:13:05 GMT.