Home BlockchainStep Finance Treasury Breach Sparks $27M SOL Loss, STEP Plunges

Step Finance Treasury Breach Sparks $27M SOL Loss, STEP Plunges

by Vivek Kumar
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Step Finance, a decentralized finance portfolio tracker on Solana, has disclosed a security breach that led to the compromise of several treasury wallets, triggering a sharp sell-off in its native token.

“Earlier today several of our treasury wallets were compromised by a sophisticated actor during APAC hours. This was an attack facilitated through a well known attack vector,” the platform wrote in a post on X, adding that they have taken “remediation” steps.

Onchain data reviewed by blockchain…

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