Step Finance: Approximately $40 Million Stolen in Hack, Advises Against Using STEP Tokens During Investigation

Odaily News Step Finance issued a statement regarding the hack on platform X, stating that approximately $40 million in assets were stolen from its treasury due to a breach of a company executive's device. Step Finance stated that upon discovering the security vulnerability, it immediately initiated an investigation with cybersecurity researchers and relevant departments, has notified law enforcement agencies, and has temporarily suspended some operational activities.

The announcement shows that approximately $3.7 million worth of Remora-related assets and about $1 million in other positions have been recovered so far. As the largest liquidity provider for Remora Markets, related LP activities will resume once the system is confirmed to be completely secure. Step Finance emphasized that Remora Markets is not related to this security incident, and all rTokens remain backed 1:1 by custodial collateral.

Until the investigation is complete, Step Finance advises users to temporarily refrain from using STEP tokens. The project team stated that subsequent measures will be taken based on a system snapshot from before the exploit to ensure the safety of STEP token holders, and will promptly announce the latest information as further progress is made.