Step Finance: $40 Million hack, please avoid using STEP token during investigation

BlockBeats News, February 3rd, Step Finance released a statement on the hacker attack incident: Due to a breach of a company executive's device, approximately $40 million in assets from its treasury were stolen. Step Finance stated that upon discovering the security vulnerability, they immediately initiated an investigation with cybersecurity researchers and relevant authorities, notified law enforcement, and temporarily halted some operations. The announcement indicated that they have currently recovered around $3.7 million in assets related to Remora and around $1 million in other positions. As the largest liquidity provider for Remora Markets, related LP activities will resume once the system is confirmed to be fully secure.

Step Finance stated that Remora Markets is not related to this security incident, and all rTokens are still backed 1:1 by custodied collateral. Pending the completion of the investigation, Step Finance advises users not to use the STEP token temporarily. The project team stated that they will take measures based on a system snapshot taken before the exploit to protect the safety of STEP token holders and will promptly release the latest information as developments unfold.