BREAKING: A Platform Announces That Treasury Wallets Have Been Hacked – Losses Are Significant, Altcoin Price Plummets

Step Finance (STEP) announced that a security breach occurred in some treasury wallets hours ago. The project team stated that they are investigating the details of the incident and will share more information with the public as it progresses.

The official statement released by Step Finance included the following:

SOL assets reportedly worth approximately $30 million have been stolen.

Following the development, the project’s native token, STEP, experienced a sharp decline in value. In the last few hours, the price has fallen by approximately 73.98%, dropping to $0.006050.

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The token’s market capitalization has fallen to approximately $1.33 million. Selling pressure appears to have accelerated following news of the security breach. The token is listed on Kraken, one of the major exchanges.

Step Finance is known as a portfolio management and transaction aggregation platform operating within the Solana ecosystem. Describing itself as “Solana’s homepage,” the platform offered the ability to visualize and analyze transactions across different Solana contracts in a single interface.

*This is not investment advice.

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