Step Finance, a decentralized finance (DeFi) portfolio tracker built on Solana, said some of its wallets were compromised in a security breach under active investigation.
Onchain data shared by blockchain security firm CertiK shows that 261,854 SOL, worth about $27 million at current prices, were unspent and transferred during the incident.
The platform revealed the breach in a post on X and asked cybersecurity firms to help with the investigation. It did not specify how the attacker gained access or whether users’ funds were affected.
The platform’s governance token, STEP, fell over 80% in the last 24 hours, according to SoSoValue data. Step also operates a validator node on Solana and uses validator earnings to fund buybacks of STEP tokens.
Founded in 2021, Step Finance brings together yield farms, LP tokens and DeFi positions across almost all Solana protocols in a single dashboard.
It also operates 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.
