Foresight News reports that Step Finance announced on Twitter that Step Finance, SolanaFloor, and Remora Markets will cease all operations. “Following the hacking incident at the end of January, we explored all possible options, including fundraising and acquisition opportunities. Unfortunately, we were unable to achieve a viable outcome, so we have decided to immediately terminate all business activities. We are developing a buyback plan for STEP holders based on a snapshot taken before the incident, and a redemption process for Remora rToken holders. Remora tokens still maintain a 1:1 reserve ratio.”
Foresight News previously reported that Step Finance issued a statement regarding the hacking incident, stating that the attack originated from an intrusion into the company’s executive devices, resulting in approximately $40 million worth of assets being stolen from the treasury. After discovering the security vulnerability, the team promptly engaged cybersecurity researchers and relevant authorities for investigation, notified law enforcement, and temporarily halted some operations.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Vitalik calls for a rethinking of Ethereum's application layer: assuming there are no users, how would the white paper be rewritten?
Ethereum co-founder Vitalik Buterin recently called on the community to be more bold in innovating at the application layer while maintaining core values. He believes that the security and principles of the base layer should remain unshaken, but the application layer should be more disruptive and experimental. He explored the future design of privacy technologies and DeFi, and advocated for rethinking Ethereum's applications, even suggesting that if there were no users, developers should consider how to rewrite the application section of the white paper from scratch to face future challenges.
ChainNewsAbmedia18m ago
U.S. Bitcoin reserves expand to enter the top 20 globally, Tinder founder increases purchase by 1.8 million shares
American Bitcoin Company (ABTC) Bitcoin reserves increase to 6,500 coins, ranking among the top 20 publicly listed companies worldwide. Despite stock price fluctuations, the reserve news prompted an 11.7% rise in stock price. ABTC is expanding its mining machine hash rate and plans to invest in reducing Bitcoin acquisition costs. Board member Tinder founder recently increased his holdings by purchasing 1.8 million shares.
ChainNewsAbmedia1h ago
Doppler expands its token issuance platform to the Solana network
PANews March 6 News, according to The Block, the token issuance platform Doppler, which supports most new token launches on the Base chain, announced its expansion to the Solana network. Doppler stated that this migration is not simply a port or fork, but a native implementation tailored to Solana's unique architecture, constraints, programming model, and economic mechanisms. Doppler noted that it has been operating on multiple EVM chains and has integrated applications such as Zora and Bankr.
GateNews1h ago
Revolut applies for a U.S. banking license for the second time, with a new CEO leading nationwide expansion
Fintech company Revolut has submitted a national bank charter application to the Office of the Comptroller of the Currency (OCC) and the FDIC, planning to establish "Revolut Bank US, NA." This is its second attempt after being blocked in 2021, with the move to a federal application aimed at optimizing the regulatory framework and expanding business capabilities, such as direct access to payment systems and FDIC insured deposits. Revolut currently has over 70 million customers and operates in 40 markets.
MarketWhisper2h ago
MetaDAO community votes to approve the "Liquidate Ranger Finance" proposal
MetaDAO community voting approved the proposal to liquidate Ranger Finance, remove RNGR/USDC liquidity, and transfer the USDC reserve to MetaDAO, to be distributed proportionally to unlocked token holders. Additionally, the intellectual property of Futarchy governance will be returned to Glint House PTE. LTD. The snapshot will be taken on March 13.
GateNews2h ago
