Step Finance and SolanaFloor Shut Down After Devastating Hack

Step Finance and SolanaFloor, two early Solana ecosystem platforms, have announced they are shutting down operations effective immediately after the treasury hack that hit Step Finance at the end of January.

Step Finance said it explored financing and acquisition options after the breach but could not secure a viable path forward.

Today we are announcing that Step Finance, SolanaFloor, and Remora Markets will be winding down all operations.

Following the hack at the end of January we explored every possible path forward, including financing and acquisition opportunities.

Unfortunately, we were unable to…

— Step☀️ (@StepFinance_) February 23, 2026

A Tragic End to Solana’s Early Ecosystem Platforms

The shutdown also includes Remora Markets, another Step-linked platform.

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.

Step Finances’ STEP Token Flatlined After the Recent Hack. Source: Coin G ecko

Meanwhile, SolanaFloor said it will stop publishing new content but keep its existing website, videos, and newsletters online as an archive.

The media outlet said it tried to continue operating after the events affecting its parent company, Step Finance, but could not find a sustainable route.

Today we are announcing that SolanaFloor will be winding down operations, effective immediately.

Since its founding, SolanaFloor has worked to document and contextualize the growth of the Solana ecosystem.

What began as a small X account grew into one of the most widely read…

— SolanaFloor (@SolanaFloor) February 23, 2026

The closures follow a major hack disclosed in late January that drained Step Finance’s treasury and triggered a sharp loss of confidence.

The attack reportedly compromised devices linked to executives, giving attackers access to treasury wallets and leading to a multimillion-dollar loss in SOL.

That breach was a fatal blow because Step Finance depended on treasury resources to support operations and ecosystem expansion.

After the hack, STEP token value collapsed, and the company faced mounting pressure to stabilize finances while maintaining multiple products.

Earlier today several of our treasury wallets were compromised by a sophisticated actor during APAC hours. This was an attack facilitated through a well known attack vector.

Immediate remediation steps have been taken, and we are working closely with top security professionals.…

— Step☀️ (@StepFinance_) January 31, 2026

Step Finance was one of Solana’s original DeFi infrastructure names. It built a widely used portfolio dashboard that helped users track wallets, yield positions, LPs, and broader on-chain activity across Solana in one place.

For many users during Solana’s growth years, Step served as a core utility layer.

SolanaFloor played a different but equally important role. It became one of the most visible Solana-focused media and analytics platforms, covering ecosystem launches, market trends, NFTs, DeFi, and project updates.

Together, the shutdowns mark the loss of two long-standing Solana brands.

The post Step Finance and SolanaFloor Shut Down After Devastating Hack appeared first on BeInCrypto.