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.
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.