Remora Markets
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 16 → 50. Problems weighed by who is responsible: problems around the subject, caused by others −4.3, incidents the subject suffered −3.2; legitimacy credit long-running +2; no longer operating, so capped at 50; 2 section(s) set aside until a failed fact-check is resolved; fact-check adjustments (−12) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| Incidents it suffered (e.g. hacks) | -3.2 |
| Problems around it, caused by others | -4.3 |
| Long-running | +2 |
| Sum | 60 |
- No longer operating, so capped at 50.
- 2 sections set aside: the claims did not hold up in a fact-check, pending correction.
Score: 50/100 (kept between 0 and 100)
How scoring works →Summary
Remora Markets was a Solana-based tokenized real-world asset (RWA) platform acquired by Step Finance in December 2024, originally operating as Moose Capital, that offered tokenized equities such as Tesla and Nvidia shares via on-chain rTokens. On February 24, 2026, Step Finance announced the immediate wind-down of all operations — including Remora Markets and media affiliate SolanaFloor — after a January 31, 2026 hack drained approximately $27–40 million from Step Finance treasury wallets through compromised executive devices, leaving the parent entity unable to secure financing or an acquisition. Remora stated that rTokens remained fully backed 1:1 and that a USDC redemption process was being developed, though the abrupt shutdown and constrained recovery funds raised significant concerns about users' ability to recover full value in a timely manner.
Connected Entities
4 entities · 60 linked investigations- DeFiTuna→mentioned with→Solana(80%)
- Remora Markets→mentioned with→Tether(60%)
- Remora Markets→mentioned with→Solana(80%)
- Remora Markets→mentioned with→DeFiTuna(60%)
Connected Through
4 shared actors · 435 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Solanaorganization
- □Tetherorganization
- ⌂DeFiTunaprotocolalso in
- □Remora Marketsorganization
Timeline(6 events)
12 December 2024
Step Finance announced the acquisition of Moose Capital, rebranding it as Remora Markets, to expand into tokenized equity trading on Solana. Financial terms undisclosed. Launch targeted for Q1 2025.
Holder.io / Binance Square2025
Remora Markets launched rStocks on Solana, offering tokenized Tesla and Nvidia shares. Platform reported cumulative revenue crossing $110 million. Solana RWA sector market cap grew 187% year-over-year to $499 million.
SolanaFloor31 January 2026
Step Finance treasury wallets compromised. Attackers, through alleged compromise of executive team devices, unstaked and transferred 261,854 SOL (approximately $27–40 million at the time). STEP token collapsed approximately 93% within 24 hours. Law enforcement notified and cybersecurity firms engaged.
The Record / CoinDesk / Bleeping ComputerFebruary 2026
Step Finance began investigation with cybersecurity researchers. Approximately $4.7 million recovered ($3.7M in Remora assets, $1M in other positions). Financing and acquisition discussions initiated.
The Record (Recorded Future News)23 February 2026
Step Finance announced it was 'unable to secure a viable outcome' after exploring financing and acquisition options. Immediate wind-down of all operations announced, including Remora Markets and SolanaFloor.
CoinDesk / The Block24 February 2026
Remora Markets officially ceased operations. Remora announced via X that all rTokens remained fully backed 1:1 and that a USDC redemption process was being developed. No timeline was provided for redemption. SolanaFloor ceased publishing but preserved its archive.
PANews / Remora Markets on XDecision Log
- slot 455361452 · hash 56uAynoSLLRRqdeEDZ1WfMJhDLegWUR2RSDCmoZonNU
- slot 445506251 · hash Co4zDpbjfyG4ATXfyms1R3yPTPkHQkD4Jr3TjCGbhNzn
- slot 443520641 · hash HiPDQRs71z7z7iBD8EfMVzTnS5Rd79eDc8snRzvPQaiR
- slot 443520631 · hash 552zzZ2fmmTJRRPTzf59Ro6Mq7ZAjWSHAkD3HtCFZtmj
- slot 443503777 · hash AZHLrxa4HsiwJwCBCkgkHQm5hgXSPNsHDFTp1vdYSRTd
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 18 of 24 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 8/2/2026, 11:32:55 PM
last updated: 10/10/2026, 6:42:06 PM
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