Today we are announcing that Step Finance, SolanaFloor, and Remora Markets will be winding down all operations.
Following the hack at the end of January we explored every possible path forward, including financing and acquisition opportunities.
Unfortunately, we were unable to secure a viable outcome and have made the difficult decision to end all operations effective immediately.
We are working on a buyback for STEP holders based on a snapshot prior to the incident, and a redemption process for Remora rToken holders. Remora tokens remain backed 1:1.
We are deeply grateful to our community for the support over the years and are confident that this is the best outcome given the circumstances. We want to thank our millions of customers over the years for joining us on this journey.
More details will be shared soon
A former Step user has 200 SOL stranded from 5 years ago. Let’s find this legend and get their SOL returned.
Who owns this wallet? https://t.co/y6J4lLQPWs
Over 100k SOL is stranded in SPL mint accounts from people accidentally sending SOL to it instead of a wallet.
p-token adds a new WithdrawExcessLamports ix that enables you to reclaim stranded lamports on mints, token accts or multisigs.
I vibed a tool to help find your lost lamports 👇
Same old crap every year.
At least with @SolanaCrossroad we did something different and elegant. Those that remember taking the party boat through the Bosphorus or our last unique party we held in the Binbirdirek Cistern.
Good vibes. People dancing. People connecting.
This industry needs to do better.
@solwizzo Too unfortunately. There was more then enough reminders here and on Discord for over a month.
https://t.co/x7ihK5ThC2
https://t.co/pUimCKEavq
https://t.co/iU9Daj73bn
STEP Token Reminder:
We advise against engaging with the STEP token.
A snapshot has been taken from prior to the exploit, and any solution for STEP token holders will be based solely on this snapshot.
Transactions occurring after the snapshot will not be considered in any future solution.
Further updates will be shared once finalized.
@AlacranArenas If we could print money out of thin air we would have paid 10 cents but no - we lost $40m and there was only a small amount of funds left to disburse. The alternative was zero.
Thanks again to everyone who supported us over the last 5 years!
It was quite an epic journey - we were one of the first major projects on Solana alongside @Raydium and @orca_so .
The first and best portfolio tracker for Solana allowing you to find that lost money under the couch.
Chewed an insane amount of glass through all the bear markets, and continued to ship products and maintain integrity till the end.
We tried many things - from analytics dashboards and data API's, to running the greatest media platform for Solana @SolanaFloor , the first and most epic community conference @SolanaCrossroad, onboarded and educated 1000's of people through @allstarsTR, and toward the end, were on an amazing growth trajectory with RWA's and @RemoraMarkets.
We wish everyone the best and lets see where the next chapter lands! 🫡♥️
👏👏 This was the right thing to do.
All these do-gooders saying otherwise clearly haven't been victims, or had to close a business of 30+ employees.
If we don't stand up to DPRK and other bad actors **there won't be a DeFi left worth caring about**. I know many OG's who have left the space and would rather use CeFi now.
We need to band together and find reasonable ways to fight back swiftly. We are literally under-attack and yet we are sitting here fighting each other instead of pioneering ways to be more offensive to the real enemy.
How many more billions need to be extracted from us before you all start seeing the real problem?
F*ck Kim. F*ck North Korea.
💯 I was even trying to ask if this was possible but no one cared enough to even scramble to see if it could be. The funds are still sitting on Solana idle. Would be great if they could be sniped back. @solana@anza_xyz
The claim portal is now open.
If you had STEP or xSTEP in a wallet as of January 30th 2026, please submit a claim.
The portal will be open for 1 month as we collect claims. Payments will be processed at the end of that time period.
https://t.co/DxSVpaUSOq
🚨BREAKING: @Solana Foundation launched STRIDE, alongside 24/7 threat monitoring and a new crisis response network for Solana DeFi following the Drift hack.
➡️Protocols above $10M TVL that pass STRIDE will get 24/7 threat monitoring.
➡️Protocols above $100M TVL will also receive Foundation funded formal verification.
➡️Solana Foundation also launched SIRN, a new incident response network led by Asymmetric, OtterSec, Neodyme, Squads, and ZeroShadow.
Honestly pretty sad and disappointing it’s taken a hack of $300m from @DriftProtocol to get everyone talking about opsec, security and multisigs.
I guess @StepFinance_ losing $40m wasn’t enough to scare all of you into hardening your setups.
idea
maybe for someone doing @colosseum
privacy focused treasury management
> potentially leverage squads @multisig existing tools like multi-sig
> @Arcium to make it all private
> now you have private payroll (and more) and no snoopy employees or public (just like the trad world)
who's building this?
The claim portal is now open.
If you had STEP or xSTEP in a wallet as of January 30th 2026, please submit a claim.
The portal will be open for 1 month as we collect claims. Payments will be processed at the end of that time period.
https://t.co/DxSVpaUSOq