Step Finance confirms that the stolen amount is as high as $40 million, and advises users not to interact with it for now.

DeepFlowTech · 2026-02-03T02:24:37+00:00

Step Finance experienced a security incident on January 31, with approximately $40 million stolen due to team device intrusion. The project has suspended some operations and has recovered about $3.7 million in assets. Users are advised to temporarily refrain from interacting with the STEP token as the investigation is still ongoing.

DeepFlowTech

2026-02-03 02:24:37

Abstract generation in progress

Deep Tide TechFlow News, on February 3rd, Step Finance officially confirmed that during the security incident on January 31st, approximately $40 million worth of funds were stolen from its treasury due to an intrusion into the execution team’s devices. Currently, Step Finance is working with cybersecurity researchers and relevant authorities to investigate the matter and has notified law enforcement agencies.

During the period of enhanced security measures, Step Finance has suspended several operations. Through built-in security protections in Token22 and rapid coordination with partners, Step Finance has successfully recovered approximately $3.7 million in Remora assets and $1 million in other assets.

The official recommendation is for users to refrain from interacting with the STEP token until the investigation is complete. The project team will take a snapshot before the attack and is seeking solutions for STEP token holders. Remora Markets was not affected by this incident, and all rTokens are still backed 1:1 by custodial collateral.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.