Step Finance and SolanaFloor announced they are ceasing operations effective immediately following a late‑January treasury hack that impacted Step Finance. The closures represent a significant setback for early projects in the Solana ecosystem.
Step Finance disclosed a $27 million treasury breach on Jan. 31, 2026 that sent its governance token STEP down more than 80%, with Solana-linked assets also pressured amid a wider market sell-off.