Solana DeFi platform step finance hit by $27 million treasury hack as token price craters

The popular Solana-based decentralized finance (DeFi) platform, Step Finance, has recently fallen victim to a significant security breach, resulting in a staggering $27 million being stolen from its treasury. This unfortunate event has caused a dramatic decline in the value of its associated token, leading to widespread concern among investors and users alike as the price plummets sharply. Investors are now anxiously monitoring the situation, as the hack raises questions about the security measures in place within the DeFi ecosystem and the potential long-term implications for Step Finance’s operations and reputation. source: https://www.coindesk.com/business/2026/01/31/solana-based-defi-platform-step-finance-hit-by-usd30-million-treasury-hack-as-token-price-craters