Step Finance, SolanaFloor, and Remora Markets will cease all operations

2026-02-24 02:45:20

ChainCatcher reports that, according to an official announcement from Step Finance, Step Finance, SolanaFloor, and Remora Markets will cease all operations. The project stated that after a hacker attack at the end of January, the team explored various options including fundraising and acquisition, but was unable to find a viable solution, leading to the difficult decision to immediately shut down all activities.

Meanwhile, the team is developing a buyback plan for STEP holders based on a snapshot taken before the incident and providing redemption procedures for Remora rToken holders. Remora tokens remain supported at a 1:1 ratio.

Previously, ChainCatcher reported that the Step Finance hacking incident resulted in approximately $40 million being stolen, and advised users to refrain from using STEP tokens for the time being.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.