Jito Foundation has acquired SolanaFloor after the protocol shut down following a $27 million exploit tied to parent company Step Finance. The move aims to stabilize services and protect users on the Solana ecosystem.
Solana-based Jito Foundation will relocate its headquarters to the United States and restart U.S. operations in 2026, citing a more favorable regulatory and business environment. The move aims to strengthen compliance, partner access, and support for the JTO ecosystem.