Step Finance and SolanaFloor Shut Down After Treasury Hack

Step Finance, SolanaFloor, and Remora Markets are winding down operations after a major treasury hack that drained millions in SOL and collapsed the STEP token. Step Finance explored financing and acquisition options following the breach but was unable to find a viable path forward.

The shutdown includes Remora Markets. Step said it is working on a buyback for STEP holders using a pre-incident snapshot and a redemption process for Remora rToken holders, adding that Remora tokens remain backed 1:1. SolanaFloor will stop publishing new content but will keep its website, videos, and newsletters online as an archive.

The media outlet said it tried to continue operating after events affecting its parent company but could not find a sustainable route. The closures follow a hack disclosed in late January that reportedly compromised devices linked to executives, giving attackers access to treasury wallets and resulting in a multimillion-dollar loss in SOL.

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