Step Finance, a decentralized finance (DeFi) portfolio tracker built on Solana, said some of its treasury wallets were compromised in a security breach that is under active investigation.
Onchain data shared by blockchain security firm CertiK shows that 261,854 SOL, worth approximately $27 million at current prices, were not staked and transferred during the incident.
The platform revealed the breach in an article on X and asked cybersecurity companies to help with the investigation. It did not say how the attacker gained access or whether user funds were affected.
The platform’s governance token, STEP, has fallen more than 80% in the past 24 hours, according to data from SoSoValue. Step also operates a validator node on Solana and uses revenue from the validator to fund redemptions of STEP tokens.
Founded in 2021, Step Finance brings together yield farms, LP tokens, and DeFi positions across almost all Solana protocols into a single dashboard.
He also runs SolanaFloor, a Solana-focused media outlet, and organizes the Solana Crossroads conference. In late 2024, it acquired Moose Capital (now Remora Markets) and plans to offer tokenized stock trading on Solana.
