Rich by Coin

Step Finance reported a security breach involving 261,854 SOL (approximately $27 million) in its treasury wallets, which is currently under investigation. The DeFi portfolio tracker platform disclosed the incident on X, seeking assistance from cybersecurity firms while not specifying how the breach occurred. The platform’s governance token (STEP) dropped over 80% in the last 24 hours, according to SoSoValue data. Onchain data shared by blockchain security firm CertiK shows that 261,854 SOL, worth roughly $27 million at current prices, was unstaked and transferred during the incident.

The platform disclosed the breach in a post on X and asked cybersecurity firms to assist with the investigation. It did not specify how the attacker gained access or whether user funds were affected. Step Finance, a Solana-based DeFi portfolio tracker, reported a security breach affecting its treasury wallets holding 261,854 SOL, roughly $27 million at current prices. On-chain data from CertiK shows these funds were unstaked and transferred during the incident, which is under active investigation.

The platform did not disclose how access was gained or whether user funds were affected. The breach was disclosed on X, with Step Finance requesting cybersecurity firms to assist in the investigation. The platform’s governance token STEP dropped more than 80% in the last 24 hours, signaling market concern as investigators pursue the details. The incident highlights ongoing security risks facing DeFi ecosystems on Solana and broader blockchain networks.