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Three Solana ecosystem projects ceased operations following a cyberattack., 2026/02/24 11:56:51
The project Step Finance, part of the Solana ecosystem, announced the closure of its subsidiaries SolanaFloor and Remora Markets after a hack that resulted in losses exceeding $27 million and unsuccessful attempts to secure funding.
The company stated that following the incident, it explored various options for continuing operations, including seeking investments and selling the business, but was unable to identify a viable solution.
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“After the hack at the end of January, we evaluated all possible paths for future development, including funding and acquisition options. We were unable to achieve a satisfactory outcome, leading to the decision to immediately cease operations,” the company clarified.
Co-founder of Step Finance, George Harrap, mentioned that he received several acquisition offers for the company and is open to considering them, but only if they are beneficial.
The closure affected the lending protocol Remora Markets and the media resource SolanaFloor. The developers promised to partially reimburse user losses. The platform intends to buy back native STEP tokens based on a snapshot of balances prior to the hack. Holders of rToken assets from the Remora protocol will also be able to recover funds through a buyback process.
Previously, the decentralized protocol Structured, which offered yield through tokenized versions of Bitcoin and other derivative instruments, announced its shutdown and pledged to redeem assets for its investors.
