Step Finance and SolanaFloor Shut Down After Devastating Hack

Step Finance and SolanaGround, two early Solana ecosystem platforms, have introduced they’re shutting down operations efficient instantly after the treasury hack that hit Step Finance on the finish of January.

Step Finance stated it explored financing and acquisition choices after the breach however couldn’t safe a viable path ahead. 

Today we’re asserting that Step Finance, SolanaGround, and Remora Markets will probably be winding down all operations.

Following the hack on the finish of January we explored each attainable path ahead, together with financing and acquisition alternatives.

Unfortunately, we had been unable to…

— Step☀️ (@StepFinance_) February 23, 2026

A Tragic End to Solana’s Early Ecosystem Platforms

The shutdown additionally contains Remora Markets, one other Step-linked platform. 

Step stated it’s engaged on a buyback for STEP holders utilizing a pre-incident snapshot and a redemption course of for Remora rToken holders, including that Remora tokens stay backed 1:1.

Meanwhile, SolanaGround stated it would cease publishing new content material however maintain its current web site, movies, and newsletters on-line as an archive. 

The media outlet stated it tried to proceed working after the occasions affecting its father or mother firm, Step Finance, however couldn’t discover a sustainable route.

Today we’re asserting that SolanaGround will probably be winding down operations, efficient instantly.

Since its founding, SolanaGround has labored to doc and contextualize the expansion of the Solana ecosystem.

What started as a small X account grew into some of the broadly learn…

— SolanaGround (@SolanaGround) February 23, 2026

The closures comply with a serious hack disclosed in late January that drained Step Finance’s treasury and triggered a pointy lack of confidence. 

The assault reportedly compromised units linked to executives, giving attackers entry to treasury wallets and resulting in a multimillion-dollar loss in SOL.

That breach was a fatal blow as a result of Step Finance relied on treasury assets to help operations and ecosystem growth. 

After the hack, STEP token worth collapsed, and the corporate confronted mounting stress to stabilize funds whereas sustaining a number of merchandise.

Earlier as we speak a number of of our treasury wallets had been compromised by a complicated actor throughout APAC hours. This was an assault facilitated by a well-known assault vector.

Immediate remediation steps have been taken, and we’re working intently with prime safety professionals.…

— Step☀️ (@StepFinance_) January 31, 2026

Step Finance was one among Solana’s unique DeFi infrastructure names. It constructed a broadly used portfolio dashboard that helped customers observe wallets, yield positions, LPs, and broader on-chain exercise throughout Solana in a single place. 

For many customers throughout Solana’s growth years, Step served as a core utility layer.

SolanaGround performed a distinct however equally essential position. It turned some of the seen Solana-focused media and analytics platforms, protecting ecosystem launches, market traits, NFTs, DeFi, and challenge updates. 

Together, the shutdowns mark the lack of two long-standing Solana manufacturers.

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