Step Finance, a decentralized finance (DeFi) portfolio tracker constructed on Solana, said a few of its treasury wallets had been compromised in a safety breach underneath lively investigation.
Onchain information shared by blockchain safety agency CertiK exhibits that 261,854 SOL, value roughly $27 million at present costs, was unstaked and transferred in the course of the incident.
The platform disclosed the breach in a publish on X and requested cybersecurity corporations to help with the investigation. It didn’t specify how the attacker gained entry or whether or not person funds had been affected.
The platform’s governance token, STEP, dropped over 80% within the final 24 hours, in response to SoSoValue information. Step additionally operates a validator node on Solana and makes use of validator earnings to fund STEP token buybacks.
Based in 2021, Step Finance aggregates yield farms, LP tokens and DeFi positions throughout almost all Solana protocols right into a single dashboard.
It additionally runs SolanaFloor, a Solana-focused media outlet, and organizes the Solana Crossroads convention. In late 2024, it acquired Moose Capital (now Remora Markets) and plans to supply tokenized fairness buying and selling on Solana.
