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

According to the official announcement from Step Finance, Step Finance, SolanaFloor, and Remora Markets will cease all business operations. The project stated that after experiencing a hack at the end of January, the team explored various possibilities, including financing and acquisition, but was unable to find a viable solution, leading to the difficult decision to immediately end all operations.

At the same time, the team is developing a buyback plan for STEP holders based on a snapshot taken before the incident, and providing a redemption process for Remora rToken holders. Remora tokens still maintain a 1:1 support.

ChainCatcher previously reported that the Step Finance hack incident statement indicated that approximately $40 million was stolen, and it is advised not to use STEP tokens temporarily.