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

CycleProphet · 2026-02-24T01:11:11+00:00

Step Finance, SolanaFloor, and Remora Markets announce the termination of all business operations after failing to find a viable solution following a hacker attack at the end of January. The team will develop a buyback plan and provide a redemption process for Remora tokens.

CycleProphet

2026-02-24 01:11:11

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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 acquisition, 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 backed 1:1.

Previously, it was reported that Step Finance was hacked at the end of January, with losses amounting to up to $40 million.

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