Hacking & intrusion

Step Finance wallet hack nets about $40 million

First reported 2026-01-31 · Last reported 2026-02-24 · 3 related reports

On 31 January 2026, about $40 million was stolen from Step Finance's treasury and fee wallets. After failing to secure funding or an acquisition, the company announced it would shut down, with SolanaFloor and Remora Markets also among the services being closed.

Key facts

Affected organisation: Step Finance
Incident type: Hacking & intrusion
Occurred / detected: 2026-01-31
Scale of damage: About $40 million in crypto assets stolen and related services shut down
Cause / method: Compromise of treasury and fee wallets
Location: Other countries

If your data was exposed

Exposed dataCrypto assets

Check login and withdrawal history in your exchange app, and turn on withdrawal address whitelisting and withdrawal delays.

Timeline

2026-01-31Assets were stolen from the treasury and fee wallets, and Step Finance investigated the wallet compromise.
2026-02-24Step Finance put the losses at about $40 million and announced it would shut down after failed funding and acquisition talks.

3 related reports

Solana DeFi platform step finance hit by $27 million treasury hack as token price cratersCoinDesk · 2026-01-31
Solana DeFi platform Step Finance investigating $29 million treasury wallet compromiseThe Block · 2026-01-31
Step Finance shuts down following $40 million security breachThe Block · 2026-02-24

The summary and key facts are written by AI from related reports and may contain errors. Check the original articles and the organisation’s official statements for accurate details.