Step Finance hack statement: approximately 40 million dollars stolen, users advised not to use STEP tokens for now

ChainCatcher reported that Step Finance released a statement on X regarding a hacking incident, disclosing that approximately 40 million USD was stolen from its treasury due to a breach of an executive's device. Upon detecting the security vulnerability, Step Finance collaborated with cybersecurity researchers and relevant authorities to launch an investigation into the attack and notified law enforcement. During this period, some operations have been temporarily suspended. So far, about 3.7 million USD in Remora assets and 1 million USD in other positions have been recovered.

As the largest liquidity provider for Remora Markets, LP activities will resume once the system is fully secure. Remora Markets is not involved in this incident, and all rTokens remain backed 1:1 by custodial collateral. At this stage, it is advised that no one use STEP tokens until the investigation is complete. A system snapshot will be taken from before the exploit to ensure the safety of STEP token holders. Any updates will be announced immediately as soon as there is progress.