← Step Finance Hack and Shutdownreviewed 2026-10-27 · 9 claims checked
Fact-check findings
What an automated fact-checker found when it re-read Step Finance Hack and Shutdown against the sources the page cites. Only the most recent review is shown.
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These findings are produced by an automated reviewer, and its results vary between runs: the same page, checked three times on the same day, came back with 15%, 20% and 34% of its claims disputed, mostly because each run extracted a different number of claims. Treat what follows as leads, not rulings.
“Disputed” means the reviewer could not reconcile the claim with the evidence it cited. It does not mean the claim is false. “Unverifiable” means no reachable source settled it either way.
Nothing here changes the page on its own. A proposed correction is applied only after a human moderator approves it; until then the page reads as it did when reviewed.
unverifiable
2 claimsNo source the reviewer could reach confirms or contradicts the claim.
- #7[unverifiable][awaiting moderator]in section: Operational Security Failure: Root Cause Analysis
“Tom's Hardware described it as "the biggest crypto hack of the year, so far" at the time of its reporting.”
reviewerTom's Hardware called it the biggest crypto hack of the year so farPage text was truncated. This says nothing about whether the quote is accurate. - #9[unverifiable][awaiting moderator]in section: STEP Token Collapse and Kraken Delisting
“At the time of the shutdown, Step Finance had served an estimated 300,000–350,000 monthly active users and aggregated data from approximately 95% of Solana protocols.”
reviewerStep served 300,000-350,000 monthly active users and aggregated about 95% of Solana protocolsTwo of the cited sources do not contain the figures. Other cited sources (Yahoo, Invezz) were not checked.
partially supported
1 claimThe cited evidence supports part of the claim but not all of it.
- #6[partially supported][awaiting moderator]in section: Financial Losses and Discrepancies in Reported Figures
“withdrawal support disabled June 19, 2026 (non-EEA)”
reviewerKraken delisting phases and datesThe March 20 and June 29 dates broadly match. The fetched Kraken text puts June 18 on EEA withdrawals and has liquidation running June 19-29, which differs from the page's June 19 non-EEA wording and single June 29 liquidation date. The fetch was a lossy summary, so no replacement text is proposed.
confirmed
6 claimsThe cited evidence supports the claim as written.
- #1[confirmed][no action needed]in the summary
“drained approximately 261,854 SOL (about $27.3 million at the time)”
reviewer261,854 SOL (about $27.3M) was drained on Jan 31, 2026; stake authority taken overFigures match Rekt and CoinDesk. The CoinDesk Jan 31 URL was not fetched directly. - #2[confirmed][no action needed]in section: The January 2026 Hack: Executive Device Compromise
“Step Finance confirmed on February 2, 2026 that the root cause was the compromise of devices belonging to members of the executive team.”
reviewerRoot cause confirmed Feb 2 as compromised executive devices; attacker wallets and tx signaturesWallet addresses and transaction prefixes match Rekt. Full signatures were not checked on-chain. - #3[confirmed][no action needed]in section: Shutdown of Step Finance, SolanaFloor, and Remora Markets
“The Record from Recorded Future News reported this as approximately $3.7 million in Remora assets and $1 million in other coins.”
reviewerTotal losses about $40M; about $4.7M recovered ($3.7M Remora, $1M other)Matches The Record and Rekt. - #4[confirmed][no action needed]in section: STEP Token Collapse and Kraken Delisting
“On February 24, 2026, Step Finance announced the immediate and permanent cessation of all operations.”
reviewerFeb 24, 2026 permanent closure of Step, SolanaFloor and Remora; official statement quoteConfirmed. The word 'permanent' is implied by 'ending all operations' rather than stated. - #5[confirmed][no action needed]in section: Financial Losses and Discrepancies in Reported Figures
“Cumulative losses from pre-hack levels are reported at approximately 96–97%.”
reviewerSTEP fell about 93% to $0.001578, then 34-37% on shutdown to about $0.00057; cumulative 96-97%Consistent across sources. The page says CoinDesk gave a price, but the CoinDesk article gives none; CoinTelegraph gives $0.00057. - #8[confirmed][no action needed]in the timeline
“STEP token reaches an all-time high of approximately $10.20.”
reviewerStep Finance ATH of about $10.20 in Aug 2021; seed round of $2M led by AlamedaThe Alameda seed round was not re-fetched. The 300,000-350,000 MAU and 95% protocol coverage figures are not in CoinTelegraph or CoinDesk and I did not find a source for them.
How this fits together. The reviewer reads the published page and its cited sources and records one finding per claim. A human moderator decides whether each proposed correction is applied; those decisions, and the score changes they cause, appear in the audit log. Earlier review runs are not shown here; only the latest reflects the page as it stands.