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Remora Markets

avoid.net/remora-markets→28/100·72% conf.
[AI-DRAFTED · AWAITING VERIFICATION]

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

1 entities · 10 linked investigations
Organizations
□Remora Markets
Relationships
    Also appears in
    edgeX Exchange·28Saga EVM Blockchain·32Mach-O Man Malware Campaign (Lazarus / Chollima)·0Q2 2026 DeFi Record Hack Wave·0Gamma Strategies·28Alephium Bridge·18Bunni Protocol·28BitGrail·2Interpol Operation First Light 2026 — $123M Romance Scam Crypto Network·5BonkDAO Treasury Governance Attack (July 2026)·3
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    Timeline(6 events)

    2024-12-12

    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 Square

    2025-01-01

    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.

    SolanaFloor

    2026-01-31

    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 Computer

    2026-02-01

    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)

    2026-02-23

    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 Block

    2026-02-24

    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 X
    Provenance & Audit Trail
    18 Wayback Archives

    Decision Log

    • #1publish⛓ pending8/2/2026, 11:33:04 PM
      hash: AZHLrxa4HsiwJwCBCkgkHQm5hgXSPNsHDFTp1vdYSRTd

    18 of 24 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 8/2/2026, 11:32:55 PM

    last updated: 8/3/2026, 8:24:31 PM

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