Solana-based DeFi platform Step Finance said some treasury and fee wallets were stolen by an external party, The Block reported on Jan. 31.
Step Finance said on X that a security breach occurred several hours earlier. It said an investigation is under way and additional information will be released later. Blockchain security firm CertiK estimated about 261,854 SOL was unstaked and sent to an external address, worth about $29 million at current prices.
Step Finance has not clarified whether the hack was caused by a smart contract vulnerability or a failure of wallet access controls. It has not disclosed whether user funds were affected and requested support from cybersecurity companies.
Step Finance, a project founded in 2021, provides a portfolio visualisation platform that lets users manage Solana-based DeFi positions, liquidity provider (LP) tokens and yield farming on a single dashboard. This
After the hack, STEP, Step Finance's governance and staking token, plunged more than 60 percent over 24 hours to about $0.023.
Chi-gyu Hwang
delight@d-today.co.kr