Solana Ecosystem Platforms Shut Down After Major Hack

Two prominent Solana ecosystem platforms have announced their closure due to a devastating hack. Step Finance and SolanaFloor were among the earliest pillars of Solana's DeFi infrastructure and media ecosystem.

The hack, which occurred at the end of January, compromised devices linked to executives and led to a multimillion-dollar loss in SOL. The attack drained Step Finance's treasury, triggering a sharp loss of confidence in the company.

Step Finance had explored financing and acquisition options but was unable to secure a viable path forward. As a result, the platform is shutting down operations effective immediately.

The shutdown also includes Remora Markets, another Step-linked platform. However, it has been announced that Remora tokens remain backed 1:1, with a redemption process in place for holders.