SolanaFloor Ceases Operations Amid Parent Company's Financial Woes

SolanaFloor's decision to wind down operations marks a significant blow to the Solana ecosystem.

As a leading news hub, SolanaFloor provided valuable insights and analysis on DeFi, NFTs, prices, and market trends. However, its parent company Step Finance faced financial challenges, including a wallet compromise that resulted in the theft of approximately $30 million in SOL.

The incident led to a 90% crash in the STEP token's value, making it difficult for SolanaFloor to secure funding or identify a viable path forward.