Solana DeFi Platform Step Finance Hit By $27M Treasury Hack

Step Finance said its treasury wallets were compromised in a security breach involving 261,854 SOL, valued at roughly $27 million.

The Solana-based DeFi portfolio tracker disclosed the incident publicly and said cybersecurity firms have been engaged to assist with the investigation.

The platform did not specify how the attacker gained access or whether user funds were affected.

Following the announcement, Step Finance’s governance token STEP plunged more than 80 percent amid broader market weakness, renewing concerns around treasury management and security controls across DeFi protocols.

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