Step Finance reports ~$30M $SOL treasury breach

Step Finance confirmed a compromise of multiple treasury and fee wallets, with 261,854 $SOL unstaked and transferred to new addresses, according to onchain data.

The breach triggered a sharp selloff in the $STEP token, which fell roughly 80% within 24 hours. The team said user funds were not affected and that it is working with cybersecurity firms to investigate the incident.

This is the third #solana DeFi treasury breach reported in January, highlighting continued security risks around protocol owned funds despite the use of multi signature wallets.