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SwissBorg suffered a $41 million loss in Solana tokens after hackers exploited a partner's API, but its core platform was not directly compromised. The company has pledged to fully reimburse affected users and is working with law enforcement and blockchain security firms to recover the stolen funds. Solana staking transactions have been paused as the investigation continues.
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**Step Finance**, a Solana-based DeFi platform and analytics dashboard, reported a breach in which attackers **compromised devices belonging to company executives** and used that access to drain multiple **treasury wallets**. The incident was detected on **January 31**, with the threat actor described as leveraging a **“well-known attack vector,”** though Step Finance did not publicly disclose the specific technique or attribution. Initial third-party estimates from blockchain analytics firm **CertiK** put the theft at **261,854 SOL (~$28.9M)**, but Step Finance’s internal investigation later assessed total losses at **~$40M**. Step Finance said it has recovered **~$3.7M in Remora assets** and **~$1M in other positions** through partner coordination and **Token22 protections**, temporarily halted some operations to reinforce security, and stated that **Remora Markets is isolated** from the incident with **rTokens remaining 1:1 backed**; users were also advised **not to engage with the `STEP` token** until the investigation concludes.
Jun 29, 2026
*Step Finance*, a Solana-based DeFi portfolio management platform, announced it is ceasing operations after a January 31 theft that drained roughly **$40 million** from its treasury and fee wallets. The company attributed the incident to the compromise of devices belonging to members of its executive team, and said subsequent efforts to recover—via fundraising, external liquidity, or acquisition talks—failed to produce a viable path forward. The shutdown impacts Step Finance and affiliated projects including **SolanaFloor** (which will stop publishing new content but keep an archive) and **Remora Markets** (reported as isolated from the breach). Step Finance said it is pursuing a **buyback/reimbursement process** for `STEP` holders based on a pre-hack snapshot and a redemption process for Remora token holders; it reported partial recoveries including about **$3.7M** in stolen Remora assets and about **$1M** in other coins.
Jun 29, 2026
Upbit, South Korea’s largest cryptocurrency exchange, suffered a significant security breach resulting in the theft of Solana-based tokens. The company reported an unauthorized transfer of assets valued at approximately $30 million, prompting an immediate suspension of all deposit and withdrawal transactions. In response, Upbit moved its remaining assets to a secure cold wallet to prevent further losses and began investigating the incident. The hack was discovered just hours after Naver Corp., the country’s largest search engine, announced a $10 billion acquisition of Upbit’s parent company, Dunamu. While initial reports varied on the total value of stolen assets, the incident highlights ongoing vulnerabilities in the cryptocurrency sector and follows a series of high-profile crypto exchange breaches in recent years. Upbit’s swift response aimed to contain the damage and reassure users amid heightened scrutiny following the acquisition news.
Jun 29, 2026