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Step is moving connected a buyback for holders of autochthonal token STEP based connected a snpashot of holdings and worth anterior to the incident.
Feb 24, 2026, 10:36 a.m.
Decentralized concern (DeFi) portfolio tracker Step Finance said it volition upwind down operations effectual immediately.
The Solana-based level was taxable to a hack astatine the extremity of January, which saw 261,854 SOL, worthy astir $27 cardinal astatine the time, stolen.
Step said it was incapable to unafraid a viable result pursuing the hack aft it "explored each imaginable way forward, including financing and acquisition opportunities," in a station connected X connected Monday.
The task is moving connected a buyback for holders of autochthonal token STEP based connected a snpashot of holdings and worth anterior to the incident.
STEP mislaid astir 96% of its worth pursuing the incident, and is a further 36% little successful the past 24 hours aft the closure announcement.
Step Finance was founded successful 2021 and offered an aggregation of output farms, liquidity supplier (LP) tokens and different DeFi positions from a azygous platform.
Affiliate projects SolanaFloor, a Solana-focused media outlet, and tokenization level Remora Markets, volition besides close.
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