Step Finance and SolanaFloor Shut Down After Devastating Hack

February 24, 2026 - 05:59

In a significant blow to the Solana community, two of its foundational projects, Step Finance and SolanaFloor, have announced their permanent closure. The decision comes in the wake of a devastating hack that drained the projects' shared treasury, leaving them without the resources to continue operations.

Step Finance, once hailed as Solana's premier dashboard for tracking decentralized finance (DeFi) portfolios, and SolanaFloor, a major non-fungible token (NFT) data aggregator and community hub, were integral to the network's early growth. The breach targeted the treasury managed by the team behind both platforms, resulting in a catastrophic financial loss. While the exact amount stolen remains undisclosed, it was sufficient to force an immediate and irreversible shutdown.

The incident has sent ripples through the ecosystem, highlighting the persistent security vulnerabilities that projects face. In their farewell messages, the teams expressed profound regret and sadness, stating that all operations, including social media channels and websites, would be terminated. The closure marks the end of an era for many early Solana adopters who relied on these tools, underscoring the fragile nature of projects in the rapidly evolving blockchain space. The community is now left to mourn the loss of these pillars while reflecting on the imperative for robust security measures.