Three Solana-based platforms shut down on the same day. No warnings. No phased exit. Just an announcement, then silence.
Finance confirmed on X it was ending all operations effective immediately. The decision came weeks after a hack in late January wiped out any realistic path forward. The team said it explored financing options and acquisition talks, but none of those conversations went anywhere.
The Solana hack shutdown took down Step Finance, SolanaFloor, and Remora Markets all at once.
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What Step Finance Said, and What Comes Next
According to Finance on X, a buyback for STEP token holders is in the works. The snapshot for eligibility was taken before the incident. Remora token holders will also get a redemption process, the team confirmed, and Remora tokens remain backed 1:1.
That part matters. Holders are not walking away empty-handed, at least not entirely.
SolanaFloor was a different story. It started as a small X account and grew into one of the most-read Solana media outlets around. ">As SolanaFloor posted on X, the platform was unable to find a sustainable way forward following events that hit its parent company. New content stops immediately. The existing website, newsletters, and videos stay up as an archive.
A Media Platform Gone, a Community Left Watching
The thing is, SolanaFloor was not just a data tool. It documented how the Solana network grew in real time. Years of content, gone from production, surviving only as a static record.
Step Finance told millions of users it was grateful for the journey. That kind of language usually signals the decision was final long before the announcement.
The broader Solana space is watching. A major hack killing off not one but three platforms in a single sweep is the kind of event that shakes confidence in DeFi infrastructure. More details on the STEP buyback and Remora redemption process are expected soon, though no specific timeline has been given.
Crypto market stress is not new right now. Bitcoin's fear index already hit extreme lows this week, and DeFi exposure across chains has been a pressure point for months.
No recovery plan survived. No buyer stepped in. The Solana hack shutdown closed a chapter that millions of users were part of, and the full picture on what exactly broke the deal on financing is still not public.
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The STEP buyback announcement, when it comes, will be the next thing to watch.
