Solana DeFi aggregation platform Step Finance and its sister platforms SolanaFloor and Remora Markets are gradually shutting down all operations after $40 million was stolen last month. Due to the inability to secure funding or find a suitable buyer, the company is launching a STEP token buyback plan based on a snapshot of data before the theft, while also redeeming Remora's rTokens. This week, the price of the STEP token has dropped over 40%, currently trading at approximately $0.00060.
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Solana DeFi aggregation platform Step Finance and its sister platforms SolanaFloor and Remora Markets are gradually shutting down all operations after $40 million was stolen last month. Due to the inability to secure funding or find a suitable buyer, the company is launching a STEP token buyback plan based on a snapshot of data before the theft, while also redeeming Remora's rTokens. This week, the price of the STEP token has dropped over 40%, currently trading at approximately $0.00060.