Step Finance, SolanaFloor, and Remora Markets will cease all operations

Foresight News reported that Step Finance announced on Twitter that Step Finance, SolanaFloor, and Remora Markets will cease all operations. "After the hacking incident at the end of January, we explored all possible paths forward, including financing and acquisition opportunities. Unfortunately, we were unable to achieve a viable outcome, so we have decided to immediately terminate all business activities. We are formulating a buyback plan for STEP holders based on a snapshot taken before the incident, and a redemption process for Remora rToken holders. Remora tokens will continue to maintain a 1:1 reserve ratio."

According to previous Foresight News reports, Step Finance issued a statement regarding the hacking incident, stating that the attack originated from a company executive's device being compromised, resulting in the theft of approximately $40 million in assets from the treasury. Upon discovering the security breach, the team immediately launched an investigation with cybersecurity researchers and relevant authorities, notified law enforcement agencies, and temporarily suspended some operational activities.