💎 DeFi🔴 BearishImportance 7/10Actionable

3 Solana platforms to shutter following devastating $40M hack

CoinTelegraph – DeFi|Cointelegraph by Martin Young|February 24, 2026 at 02:51 AM|5 views

Image via CoinTelegraph – DeFi

🤖AI Summary

Solana DeFi aggregator Step Finance is shutting down three platforms after suffering a devastating $40 million treasury wallet hack in January. The company stated it was unable to secure a viable outcome following the security breach.

Key Takeaways

→Step Finance, a Solana DeFi aggregator, suffered a $40 million treasury wallet hack in January.
→The platform announced it will shut down three of its services due to the financial impact.
→Step Finance stated they were unable to secure a viable outcome after the breach.
→The incident highlights ongoing security vulnerabilities in DeFi platforms.
→Multiple Solana ecosystem projects continue to face significant security challenges.

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Read Original →via CoinTelegraph – DeFi

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