Step Finance and SolanaFloor shut down after devastating hack

Step Finance and Solana Floor, two of the top platforms in the Solana ecosystem, have announced that they have suspended operations with immediate effect following the treasury hack that Step Finance suffered at the end of January.

Step Finance revealed that it was looking into financing and acquisition options after the hack, but was unable to find a viable way forward.

Today we announced that Step Finance, SolanaFloor, and Remora Markets will be winding down all operations.

After the hack in late January, we explored every possible path forward, including funding and acquisition opportunities.

Unfortunately, we cannot…

— Step☀️ (@StepFinance_) February 23, 2026

A tragic end for the first platforms of the Solana ecosystem

The closure also includes Remora Markets, a platform linked to Step.

Step confirmed that it is working on a purchase for STEP token holders using a pre-event image, as well as a redemption for rToken holders, adding that Remora tokens are still supported in a 1:1 ratio.

In return, the Solana Flor platform announced that it will stop publishing new content, but will keep the current website, videos and bulletins available online as an archive.

The media platform said that it tried to continue operating after the events affecting the parent company Step Finance, but could not find a sustainable way.

Today we are announcing that SolanaFloor will be closing operations, effective immediately.

Since its founding, SolanaFloor has worked to document and contextualize the growth of the Solana ecosystem.

What started as a small X account has become one of the most read…

— SolanaFloor (@SolanaFloor) February 23, 2026

The closures came after a major hack revealed at the end of January, which drained Step Finance’s coffers and led to a significant loss of trust.

The attack reportedly targeted devices linked to executives, giving attackers access to treasury wallets and causing millions of dollars in losses to SOL.

A report noted that the hack was a fatal blow because Step Finance relied on treasury resources to support operations and expand the ecosystem.

The value of the STEP token collapsed after the hack, and the company faces increasing pressure to achieve financial stability while maintaining product diversity.

Earlier today, several of our treasury portfolios were compromised by a sophisticated actor during the APAC hour. This was an attack facilitated by a well-known attack vector.

Immediate remedial steps have been taken, and we are working closely with the best security professionals.…

— Step☀️ (@StepFinance_) January 31, 2026

Step Finance is one of the original names of the D-Fi platforms in the Solana system, having built a widely used portfolio dashboard that helps users track portfolios, payment positions, LPs, and all network activity in Solana from one place.

Step has served many users over the years Solana’s growing years As a basic service layer.

Take on a different but equally important role as Solana Flor. Become one of the most prominent media and analytics platforms focused on Solana, covering project launches in the ecosystem, market trends, Non-Fungible Tokens (NFT)Decentralized Finance (DeFi) and project updates.

Together, the closures illustrate the loss of two longstanding Solana brands.