Why Are Step Finance and SolanaFloor Shutting Down?

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Step Finance and SolanaFloor have officially ceased operations following a major treasury hack disclosed in late January. The attack reportedly compromised executive-linked devices, giving hackers access to treasury wallets and resulting in a multimillion-dollar loss in SOL. Because Step Finance relied heavily on its treasury to fund operations and ecosystem development, the breach proved financially devastating.

After exploring financing and acquisition options, Step Finance announced it could not secure a sustainable path forward. The shutdown also includes Remora Markets, a Step-linked product. Meanwhile, SolanaFloor — which operated under the Step umbrella — said it would stop publishing new content but keep its website and media archive online. Together, the closures mark the end of two early and highly visible contributors to the Solana ecosystem.

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nothing tests decentralization like one compromised laptop