Step Finance Hack and Shutdown
Summary
Step Finance, a Solana-based DeFi portfolio tracking dashboard founded in 2021, suffered a treasury breach on January 31, 2026, when attackers compromised executive team devices and drained approximately 261,854 SOL (valued at $27–40 million depending on reporting method). Unable to secure financing or an acquisition, Step Finance and its affiliated platforms SolanaFloor and Remora Markets announced permanent closure on February 24, 2026, making this one of the most consequential operational security failures in the Solana ecosystem to date.
Connected Entities
3 entities · 10 linked investigations- LEP1uHXcWbFEPwQgkeFzdhW2ykgZY6e9Dz8Yro6SdNu→mentioned with→Step Finance Hack and Shutdown(50%)
- 7raxiejD8hDUH1wyYWFDPrEuHiLUjJ4RiZi2z1u2udNh→mentioned with→Step Finance Hack and Shutdown(50%)
Connected Through
2 shared actors · 1 investigationDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- ◇7raxie…udNhwallet
- ◇LEP1uH…SdNuwallet
Timeline(10 events)
2021-04-13
Step Finance raises $2 million seed round led by Alameda Research, with participation from 3 Commas Capital, Raydium, One Block, and Solidity Ventures.
CoinDesk2026-01-31
Attackers compromise executive team devices during APAC hours, gaining access to Step Finance treasury and fee wallets. Approximately 261,854–261,932 SOL (worth $27–29 million) is unstaked and withdrawn. Total losses including non-SOL assets later reported as approximately $40 million.
CoinDesk / Rekt News2026-01-31
STEP token crashes more than 80% following breach disclosure. CertiK flags on-chain withdrawals.
CoinDesk2026-02-02
Step Finance confirms root cause: executive team devices were compromised, exposing private keys. Team advises against STEP token engagement pending investigation.
Rekt News2026-02-24
Step Finance announces immediate closure of all operations, including SolanaFloor and Remora Markets, after failing to secure financing or an acquisition. Co-founder George Harrap cites time pressure and confirmed partial buyback plans for STEP holders.
CoinTelegraph2026-02-24
STEP token declines a further 36% on the shutdown announcement, reaching approximately $0.00057. Cumulative losses from pre-hack levels reach roughly 97%.
CoinDesk2026-03-20
Kraken disables STEP deposits and trading as part of a three-phase delisting process.
Kraken Support2026-06-29
Kraken schedules final liquidation of remaining STEP balances, converting to ETH at weighted market pricing.
Kraken SupportDecision Log
- hash: 7gPU7tCaz4fJN9UUKNoJvtCzVXSqUjXspFS7wMrJgRiK
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 6/23/2026, 11:30:06 PM
last updated: 6/23/2026, 11:30:18 PM
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