Step Finance, SolanaFloor, and Remora Markets will cease all operations.

DeepFlowTech · 2026-02-24T01:10:24+00:00

Step Finance, SolanaFloor, and Remora Markets announced the termination of all business operations after failing to find a viable solution following a hacker attack in January. The team will develop buyback and redemption plans for STEP and Remora holders, with the stolen amount confirmed to be as high as $40 million.

DeepFlowTech

2026-02-24 01:10:24

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Deep Tide TechFlow News, February 24 — According to an official announcement from Step Finance, Step Finance, SolanaFloor, and Remora Markets will cease all operations. The project stated that after a hacker attack at the end of January, the team explored various options including financing and acquisitions but was unable to find a viable solution, leading to the difficult decision to immediately shut down all activities.

At the same time, the team is developing a buyback plan for STEP holders based on a snapshot taken before the incident and providing redemption procedures for Remora rToken holders. Remora tokens remain supported at a 1:1 ratio.

Previously, it was confirmed that Step Finance was hacked with an estimated loss of up to $40 million.

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