Last night, that big bearish candle came down, and $BTC directly broke through the 80,000 mark. Is this what they call a 'bullish return'? Don't joke. The most ironic thing in this market waterfall isn't the macro situation of US-Iran tensions, nor is it Kevin Warsh's old stories about the Federal Reserve, but the old brand Step Finance in the Solana ecosystem actually 'ran naked' at such a critical moment.
Let's get to the point: Step Finance was hacked for over 26 million dollars (some data suggests it was 30 million), which is like pouring industrial salt on a wound in an already fragile market sentiment. This is not some complex smart contract logic flaw; looking at the on-chain data, the treasury wallet and the fee wallet were directly compromised. The hacker swaggered away with 260,000 $SOL unstaked and then transferred it. What does this mean? It means this is not some high-IQ crime; it is a typical case of poor private key management or inadequate internal security.
$STEP's price has plummeted, dropping by 90% at one point. I'm familiar with this script. But what I want to ask is, as the leader of the Solana ecosystem's data dashboard, if you can't even keep an eye on your own wallet, how can you help users manage their assets? This is not just a problem for Step; it's an invisible bomb behind the rapid growth of the entire Solana DeFi. In the pursuit of speed and high concurrency, the multi-signature management of many projects is simply for show.
The market is filled with wailing voices; the amount of contract liquidations has soared to 2.5 billion USD, and the situation with Ethereum is even more tragic. But I actually think this drop is a good thing. Why? Because this kind of basic security incident combined with macroeconomic negatives is just right to wash out those so-called 'institutions' and retail investors who only follow the trend and have no risk control awareness.
Looking at the current market, after $BTC dropped below 80k, panic selling surged, and everyone seems to think 2026 is going to be tough, with some even calling it a 'year of adjustment.' Don't be foolish; the main players are just waiting for these moments to pick up bloodied chips. The explosion of established projects like Step Finance may seem negative for $SOL in the short term, but in the long run, it's forcing the entire ecosystem to upgrade its safety standards.
In this circle, remember one thing: your private key is your money. If it's in someone else's pocket, that's called 'doing charity.' The lesson from Step Finance is costly, but for those of you still alive, isn't it time to check your authorizations and see which high-quality assets have been wrongly killed among this mess?
Is this wave of adjustment an opportunity to escape, or the eve of bottom fishing? #StepFinance