Foresight News reports that Step Finance announced on Twitter that Step Finance, SolanaFloor, and Remora Markets will cease all operations. “Following the hacking incident at the end of January, we explored all possible options, including fundraising and acquisition opportunities. Unfortunately, we were unable to achieve a viable outcome, so we have decided to immediately terminate all business activities. We are developing a buyback plan for STEP holders based on a snapshot taken before the incident, and a redemption process for Remora rToken holders. Remora tokens still maintain a 1:1 reserve ratio.”
Foresight News previously reported that Step Finance issued a statement regarding the hacking incident, stating that the attack originated from an intrusion into the company’s executive devices, resulting in approximately $40 million worth of assets being stolen from the treasury. After discovering the security vulnerability, the team promptly engaged cybersecurity researchers and relevant authorities for investigation, notified law enforcement, and temporarily halted some operations.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Dash Enhances Privacy on Evolution with Zcash-Based Shielded Transfers
Dash has added shielded transactions that rely on the Zcash Orchard technology to its Evolution chain to boost payment privacy.
Next will be shielded tokens, which will hide balance and transaction history using zero-knowledge proofs.
Two of the crypto industry’s privacy-focused pioneer
CryptoNewsFlash2m ago
Aave Governance Rift Widens as BGD Labs Announces April Departure
BGD Labs has announced that it will exit the Aave ecosystem in April, accusing Aave Labs of centralizing control over the DeFi network.
It alleges that Aave Labs wants to develop v4 on its own terms and has ‘disregarded v3 and defined its deprecation timeline’ despite v4 not being live
CryptoNewsFlash7m ago
XRP Ledger's New Update Disables Batch Amendment for Network Safety - U.Today
The XRP Ledger Foundation announced the release of XRP Ledger Software version 3.1.1, which disables the Batch amendment due to a severe bug. A devnet reset is scheduled for March 2026, affecting only the devnet and resetting all data.
UToday18m ago
Roam Network Launches Digital Terrain Map: $XRO Rewards Support AI and Telecom Network Optimization
February 24 News, Roam Network released its latest Litepaper, introducing its "Digital Terrain Map" system aimed at telecom operators and physical artificial intelligence. The system uses smartphones as a continuous measurement layer to track signal quality, latency, blind spots, and handovers in real-time. It has already collected over 3.7 billion connection measurement data points from 127,000 devices across 187 countries/regions worldwide, with approximately 10,000 to 14,000 users contributing each month.
Roam's Digital Terrain Map is considered an upgraded version of traditional road testing, offering low cost, data-rich insights, and timely updates to provide telecom operators with real-time network optimization references. For physical artificial intelligence, this map is similar to a "robotic Waze," enhancing route planning, operational efficiency, and safety for drones, robots, and autonomous vehicles.
GateNewsBot20m ago
