Overview
- Operations across all three platforms cease effective immediately following official statements on Feb. 23–24.
- Investigators say attackers compromised executive devices, not smart contracts, enabling the transfer of 261,854 SOL, with total losses reported as high as nearly $40 million.
- Partners using Solana’s Token22 features helped retrieve roughly $4.7 million, which the teams said was not sufficient to stabilize finances.
- STEP plunged about 96%–97% after the hack, and a buyback based on a pre‑hack snapshot is being prepared for holders.
- Remora rTokens remain fully backed 1:1 with a USDC redemption process in development, and the closures remove widely used analytics, media and trading tools from the Solana ecosystem.