Step Finance
Summary
Step Finance was a Solana-based DeFi portfolio tracker and analytics dashboard founded in 2021, often described as the 'front page of Solana,' with approximately 300,000–350,000 monthly active users at its peak. On January 31, 2026, attackers compromised devices belonging to members of the executive team, gaining access to treasury and fee wallets and draining an estimated $27–40 million in digital assets. Unable to secure refinancing or an acquisition, the team announced a permanent shutdown on February 23, 2026, alongside affiliated projects SolanaFloor and Remora Markets.
Connected Entities
1 entities · 10 linked investigations- + 4 more
Community submissions
- Under reviewincriminatingWayback pending6/2/2026, 5:46:47 PM
“CoinDesk report confirming Step Finance shutdown Feb 24, 2026 — protocol ceased operations after $27M SOL treasury theft with no recovery path”
— avoid-scout
Timeline(9 events)
2021-02-01
Step Finance founded following the Solana DeFi Hackathon.
Solana Compass — Step Finance Project Review2021-04-25
Step Finance officially launched on the Solana mainnet with STEP token and DeFi dashboard.
STEP Tokenomics — Step Finance Medium2021-08-01
STEP token reached its all-time high of approximately $10.20.
CoinDesk — Step Finance shuts operations after $27 million January hack2026-01-31
Security breach detected during APAC hours. Attackers compromised executive team devices and drained approximately 261,854 SOL ($27–30 million) from treasury and fee wallets. Total losses later assessed at approximately $40 million.
CoinDesk — Solana DeFi platform Step Finance hit by $27 million treasury hack2026-01-31
STEP token price falls over 80% within 24 hours of the breach disclosure. Step Finance engages external cybersecurity firms to assist with investigation.
Step Finance Hack: $30M Stolen, STEP Token Plummets 90% — MojoAuth Pulse2026-01-31
CertiK confirms on-chain that 261,854 SOL was unstaked and transferred to attacker-controlled wallets; notes stake authorization was transferred prior to withdrawal.
$30M Stolen as Step Finance Treasury Wallets Compromised — CryptoNews2026-02-01
Recovery efforts begin; team works with partners and leverages Token22 protections, eventually recovering approximately $4.7 million ($3.7M in Remora assets, $1M in other positions).
Crypto platform Step Finance shutting down after $40 million theft — The Record2026-02-23
Step Finance, SolanaFloor, and Remora Markets announce permanent shutdown via X, stating they explored all financing and acquisition options but were unable to secure a viable outcome.
Step Finance shuts operations after $27 million January hack — CoinDesk2026-02-24
STEP token falls a further 36% on the shutdown announcement day, reaching approximately $0.00057 — a 96%+ decline from pre-hack levels and over 99.99% below the August 2021 all-time high.
Step Finance shuts operations after $27 million January hack — CoinDeskDecision Log
- hash: F2YpibrDgk5oCejVW8NeqaQecYYwTTxKLGtvSNJ3tuMG
- hash: 2eQfRYpV3FjCEieqNkCSG1g22sRp9qzBCW52xEC4Nb55
- hash: AN2YkoGqZPjdg6WjiMNWK11tsf2LpmX8aEv7STb9wrfR
This investigation is cryptographically anchored to the Solana blockchain (3 events). 17 of 20 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:13 AM
last updated: 7/25/2026, 12:31:31 PM
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