Solana DeFi Project Step Finance to Wind Down Weeks After $29M Hack

In brief

• Solana-based DeFi projects Step Finance, SolanaFloor and Remora Markets are shutting down their services, Step Finance announced Tuesday.
• A January hack drained 261,854 SOL, worth some $29 million, triggering a 96% collapse in STEP token value.
• The closure follows other high-profile DeFi shutdowns.