Step Finance was hacked—approximately $30 million worth of SOL flowed out from multiple wallets.

PseudoIntellectual · 2026-03-23T17:25:32+00:00

A recent security incident at Step Finance, reported by ChainCatcher, involved unauthorized access to multiple asset management wallets. Approximately 261,854 SOL tokens were moved to the attackers' addresses, resulting in an estimated loss of 19,283,746,565,748,392,010 million. Step Finance is cooperating with authorities and security experts to implement corrective measures.

PseudoIntellectual

2026-03-23 17:25:32

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Recently, the cryptocurrency information platform “ChainCatcher” reported on the latest developments regarding Step Finance. The project’s official X account revealed that multiple asset management wallets experienced a security breach due to unauthorized access. Step Finance has already notified the relevant authorities and is working closely with security experts to rapidly implement remedial measures.

Details of the Unauthorized Access and Attack Vectors

Blockchain data analysis has shown that this security incident was a coordinated unauthorized access exploiting specific attack vectors. The attackers successfully infiltrated several asset management wallets, compromising multiple wallet systems including the project’s treasury and fee wallets.

According to on-chain records, during the incident period, approximately 261,854 SOL tokens were unlocked and transferred to addresses controlled by the attackers.

Significant Asset Loss and Scale of Damage

The value of the stolen SOL assets is substantial. At the current rate (SOL price: $90.42), the estimated loss from this incident amounts to around $30 million. Such a large-scale asset loss is expected to have a significant impact on the Step Finance community.

Step Finance has already taken corrective actions, and further details about security enhancements will be disclosed in upcoming official announcements. The project continues to work closely with relevant authorities and security experts to address this hacking incident.

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