Step Finance has confirmed a security breach involving unauthorized access to multiple treasury and fee wallets. Approximately $30 million worth of SOL tokens were unstaked and transferred without permission. The company promptly initiated an internal investigation and engaged external cybersecurity experts to address the incident.
The breach has raised concerns about the security of assets within the Solana DeFi ecosystem, prompting calls for increased vigilance and improved protective measures among related platforms.
**Why this matters**
The incident highlights vulnerabilities in DeFi wallet security, particularly on the Solana network, where large sums of digital assets are frequently managed. It underscores the need for robust security protocols to protect user funds and maintain trust in decentralized finance services.
Source: NewsData