hack

Step Finance, one of the best-known portfolio management platforms on the Solana network, has officially ceased operations following a massive security breach and unsuccessful attempts to secure emergency funding.

Key Takeaways
Step Finance shut down after a January 31 hack that drained over 261,000 SOL from its treasury.Losses were estimated between $27M and nearly $40M, and recovery funding efforts failed.The closure includes SolanaFloor and Remora Markets.The STEP token collapsed more than 96%, with buyback and redemption plans now in development.
The shutdown, announced on February 23-24, 2026, marks a dramatic end for a project that once served as a central dashboard for Solana DeFi users. The decision follows weeks of financial strain after attackers compromised executive-level devices and drained treasury funds.
Security Breach Triggered Collapse
According to the team, the incident occurred on January 31, 2026, when hackers executed what was described as a sophisticated attack targeting senior staff devices. The breach allowed unauthorized access to treasury and fee wallets.
Roughly 261,854 SOL was stolen in the attack. Initial loss estimates ranged between $27 million and $30 million, but some reports later placed total damage closer to $40 million as market conditions fluctuated.
Despite the setback, the team spent nearly four weeks pursuing emergency liquidity solutions, including bridge financing and potential acquisition talks. Those efforts ultimately failed, leaving closure as the only viable option.
Entire Ecosystem Winds Down
The shutdown extends beyond the core platform.
SolanaFloor, the project’s integrated news and analytics arm, will halt new reporting activities but keep its digital archive accessible.
Remora Markets, the tokenized equities division, is also winding down operations as part of the broader shutdown process.
The collapse highlights how interconnected services within crypto ecosystems can unravel quickly when treasury exposure becomes critical.
STEP Token Crashes
The platform’s native asset, STEP, suffered catastrophic losses. Following the January hack, the token plunged more than 96%. After the official shutdown announcement, its market capitalization fell below $200,000, effectively wiping out most remaining value.
The crash underscores the extreme risk associated with protocol-level treasury breaches, especially when token economics rely heavily on operational continuity.
Compensation and Redemption Plans
The team has outlined preliminary recovery measures for affected users:
STEP holders may be eligible for a buyback program based on a pre-hack snapshot taken before January 31. Further details are expected in upcoming communications.
For users of Remora’s rTokens, the situation appears more stable. These assets are reportedly backed 1:1, and holders will be able to redeem them for USDC through an independent process.
Users with remaining DeFi positions connected to the ecosystem are being urged to transfer assets to alternative platforms as soon as possible.
For updates regarding redemption timelines and procedural instructions, the team has advised monitoring the project’s official X account.
The shutdown represents one of the most significant Solana ecosystem failures of 2026 so far, reinforcing ongoing concerns around operational security, executive device vulnerabilities, and treasury risk management within DeFi platforms.
#Hack

GM, Square family! 🌅
If you checked out for the weekend, you missed a WILD 24 hours. Between geopolitical bombshells, bridge hacks, and a genius idea from Vitalik—here is everything you need to look smart on Monday.
1/ 🇷🇺 THE $11 BILLION SHADOW NETWORK
Blockchain sleuths at Elliptic just dropped a nuke.
They uncovered a network of Russian crypto exchanges helping sanctioned entities move money.
One platform called ABCeX reportedly handled $11 Billion in transactions.
This is the big one, guys. Regulators are watching. Is this the moment they crack down—or finally admit crypto is just a tool?
Either way, volatility incoming.
2/ 🔓 IOTEX HACKED: $2M Gone
Bridge exploits are back, and they are brutal.
The IoTeX network was forced to halt after a private key leak let hackers drain $2 Million from the treasury (USDC, USDT, and IOTX).
The team says they contained it and are working with cops/exchanges to recover funds.
Moral of the story: Not your keys? Not your coins. Stay safe out there.
3/ 🤖 VITALIK’S BIG IDEA: A.I. VOTING
Ethereum’s co-founder just gave us hope for the future.
Vitalik proposed using Artificial Intelligence to help normal people vote in DAOs.
Imagine an A.I. assistant that reads the fine print on those boring governance proposals for you, filters out scams, and lets YOU make the final call.
This is how we scale decentralization. Bullish on A.I. x Crypto.
4/ 📉 THE MACRO CLOUD (Trump Edition)
Let’s be real—prices are hurting.
Bitcoin is hovering near $66k and "Extreme Fear" is back in the chat. 😱
Why?
Trump Tariffs: Proposed tariffs jumped from 10% to 15%, spooking global markets.ETF Bleed: Spot Bitcoin ETFs have seen 4 weeks of straight outflows.
Institutions are scared. But as Tim Draper says... that just means it's time to buy the dip?
💬 SQUARE TALK:
Are these Russia sanctions the start of a new crypto war? Or just FUD before the weekend pump?
Drop your hottest take below. 👇
And follow for more news that actually matters.
#Bitcoin  #Ethereum  #CryptoNews  #Altcoin  #Hack

🌐 The Crypto Market in Shock!
In 2024, total Web3 losses exceeded $2.9 billion. From DeFi to metaverses, no sector was spared. 🚨 The main vulnerability? Access control issues, responsible for 78% of all attacks.

💎 DeFi: Fewer losses, but major hacks persist
Losses decreased by 40%, but still reached $474 million. The biggest incident was the hack of Radiant Capital, costing $55 million.

🏦 CeFi in Trouble: Losses Double!
CeFi losses skyrocketed to $694 million. Notable attacks include a key leak at DMM Exchange ($305 million) and a multisignature vulnerability at WazirX ($230 million).

🎮 Games and Metaverses Lose Hundreds of Millions
The gaming sector reported $389 million in losses, accounting for 18% of all attacks. 🎲

🚩 Rug Pulls Shift to Solana
Scammers moved from BNB Chain to Solana, driven by the growing popularity of meme coins. 📈

🎯 Presales Turn into Traps: $122.5 Million Stolen in One Month!
In April 2024, scammers executed 27 fraud schemes using presales. 💰 They also exploited the names of celebrities and influencers to deceive investors.

👨‍💻 Phishing and North Korean Hackers
Phishing attacks led to $600 million in stolen funds, while North Korean hackers siphoned off $1.34 billion.

⚠️ Stay Alert!
Crypto scams are becoming increasingly sophisticated. 🛡️ Behind every meme coin, a trap could be waiting!
#Hack #scamriskwarning #solana

🔹 Fake Zoom meeting invites and update links deceive Web3 teams

🔹 New NimDoor malware infiltrates macOS with advanced evasion techniques

🔹 Attackers steal browser data, passwords, and Telegram chats

Web3 and Crypto Companies Under Siege by NimDoor Malware
Security experts at SentinelLabs have uncovered a sophisticated malware campaign targeting Web3 startups and cryptocurrency firms. The attacks, linked to North Korean groups, use a combination of social engineering and technical stealth to deploy NimDoor malware, written in the rarely used Nim programming language to bypass antivirus detection.

The Setup: Fake Zoom Meetings Through Telegram
Hackers initiate contact via Telegram, posing as known contacts. They invite victims to schedule meetings via Calendly, then send them links to what appear to be Zoom software updates. These links lead to fake domains like support.us05web-zoom.cloud, mimicking Zoom's legitimate URLs and hosting malicious installation files.
These files contain thousands of lines of whitespace, making them appear "legitimately large." Hidden within are only three crucial lines of code, which download and execute the real attack payload.

NimDoor Malware: Spyware Specifically Targeting macOS
Once executed, the NimDoor malware operates in two main phases:
🔹 Data extraction – stealing saved passwords, browsing histories, and login credentials from popular browsers like Chrome, Firefox, Brave, Edge, and Arc.

🔹 System persistence – maintaining long-term access through stealth background processes and disguised system files.
A key component specifically targets Telegram, stealing encrypted chat databases and decryption keys, giving attackers access to private conversations offline.

Built to Survive: Evasion and Reinstallation Techniques
NimDoor employs a range of advanced persistence mechanisms:
🔹 Automatically reinstalls itself if users try to terminate or delete it

🔹 Creates hidden files and folders that look like legitimate macOS system components

🔹 Connects to the attacker’s server every 30 seconds for instructions, disguised as normal internet traffic

🔹 Delays execution for 10 minutes to avoid early detection by security software

Difficult to Remove Without Professional Tools
Because of these techniques, NimDoor is extremely hard to remove with standard tools. Specialized security software or professional intervention is often required to clean infected systems completely.

Conclusion: Modern Cyberattacks Now Look Like Calendar Invites
Attacks like NimDoor prove how cleverly North Korean groups mimic daily workflows to penetrate even cautious targets. Fake Zoom links and innocent-looking updates can lead to full system compromise.
Users should never download updates from unofficial sources, always verify domain names, and stay vigilant against unexpected software prompts or invitations.

#CyberSecurity , #NorthKoreaHackers , #Web3Security , #CryptoNews , #Hack

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The cross-chain bridge of Orbit Chain was compromised by an exploit, which led to the loss of Tether, DAI, USDC, wBTC, and ETH with a combined value of around $81.4 million.
The vulnerability was exploited by the exploiter, who then transferred funds to a new wallet.
A weakness in the bridge or a hack in the centralized server was discovered as the primary reason by the blockchain security company SlowMist which was responsible for the investigation.
It has been revealed that a hack occurred on Orbit Bridge, which is a protocol for interchain communication that is utilized for asset conversion. A total of around $81.4 million worth of cryptocurrency were stolen from the system.
The Orbit Bridge was struck by a number of significant discharges.
An vulnerability that was worth $81.4 million was apparently used by hackers to ring in the New Year with Orbit Bridge. A number of significant outflows were discovered by the blockchain security company SlowMist and the on-chain intelligence service LookOnChain. These outflows were encountered via the cross-chain protocol.
According to the latter, the Orbit Bridge was responsible for the transfer of 30 million Tether (USDT), 10 million DAI, 10 million USDCoin (USDC), 231 wBTC (worth over $10 million), and 9,500 ETH (worth around $21.5 million) in five distinct transactions.

After doing a preliminary examination from the outside, SlowMist came to the conclusion that either the centralized server has been compromised or there is a potential vulnerability in the Orbit Chain bridge. A further in-depth investigation is currently being carried out by the company in order to obtain additional information on the attack.
The hacking of Orbit Chain has been confirmed.
Orbit Chain reported the hack on its protocol in a tweet that was published not too long ago on X. The tweet described the breach as a "unidentified access" to the bridge. A comprehensive investigation into the underlying cause of the assault is currently being carried out by the company, which has said that it is actively collaborating with law enforcement authorities in order to identify the perpetrator of the incident.
#hack #OrbitChain