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Solana‑based DeFi platform Step Finance is ceasing all operations after a security breach in January drained tens of millions from its treasury.
The closure also affects its subsidiaries SolanaFloor and Remora Markets, with leadership unable to secure financing or a buyer to continue.
Preliminary plans include buybacks for STEP token holders and redemption options for Remora rTokens as the ecosystem reels from the loss.
#CryptoNews