News

Solana DeFi platform step finance hit by $27 million treasury hack as token price craters

  • Francisco Rodrigues, AI Boost--CoinDesk
  • published date: 2026-01-31 18:22:18 UTC

The platform's governance token (STEP) plummeted over 80% following the announcement, impacting the company's market value.

Step Finance, a decentralized finance (DeFi) portfolio tracker built on Solana, said some of its treasury wallets were compromised in a security breach under active investigation. Onchain data share… [+932 chars]