$30M SOL Vanishes as Step Finance Confirms Wallet Hack
Step Finance confirms a security breach after roughly 261,854 SOL (~$30 million) was unstaked and moved from treasury and fee wallets; an investigation is underway.
Solana analytics and portfolio platform Step Finance confirmed that multiple treasury and fee wallets were compromised after on-chain activity showed significant SOL outflows, reporting approximately 261,854 SOL (about $30 million) affected by the incident [1][3][2].
Preliminary on-chain analysis and Step Finance’s disclosures indicate funds were unstaked before being transferred from the compromised addresses, with the project describing the event as a security breach impacting both treasury and fee-collection wallets [3][1][2].
Step Finance said it has launched an internal investigation, engaged external cybersecurity firms, and requested that firms able to assist contact the team; the breach also triggered a market reaction, including a sharp drop in the STEP token’s price [1][2][3][4].
The project stated the investigation is ongoing and that more information will be shared as it progresses [1][2].
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Citations
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- 1$30M SOL Vanishes as Step Finance Confirms Wallet HackLive Bitcoin News• Jan 31, 2026
- 2Step Finance Investigates Wallet Compromise After $30M SOL TransferBTCUSA• Jan 31, 2026
- 3Step Finance Suffers $30M Solana Treasury Breach as STEP Token CrashesETHNews• Jan 31, 2026
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