After a $40 million breach of the treasury wallet at parent company Step Finance resulted in the closure of the news site for the Solana ecosystem, the site will be relaunched.
The Jito Foundation has bought SolanaFloor, a data and journalism site that covers the Solana ecosystem. The site went down earlier this year after a security compromise at its parent company, but the Jito Foundation hopes to bring it back online.
In February, the platform fell down because its parent business, Step Finance, shut down after a hack of its treasury wallet. SolanaFloor was an ecosystem news, research, and on-chain analytics site that tracked projects and market activity across the Solana network before it went down.
Jito foundation purchases SolanaFloor
According to a corporate press statement sent to Cointelegraph, SolanaFloor will start up again under the Jito Foundation and keep providing news about what’s happening in the Solana ecosystem.
Awais Afzal, SolanaFloor’s editor, says the acquisition has taken over the platform’s editorial team, which will stay after the relaunch. He told Cointelegraph that the Jito Foundation will not be involved in SolanaFloor’s daily editorial work.
The Jito Foundation is a Solana ecosystem group that helps with the development of the Jito protocol, which is all about liquid staking and establishing infrastructure for blocks. The foundation organises grants, partnerships, and other projects aimed at enhancing activity on the Solana network.
After the relaunch, further information regarding SolanaFloor’s editorial structure, team, and business offerings is likely to be made public. The Jito Foundation didn’t say how much money was involved in the sale.
Step finance hack forced multiple Solana projects offline
In February, Step Finance said it would stop doing business after a breach of its treasury wallet in late January cost the company over $40 million in Solana SOL$88.61.
The Solana DeFi aggregator warned that the closure would also affect a number of related platforms, such as SolanaFloor and the lending and yield protocol Remora Markets.
On January 31, Step Finance announced that there had been a breach and that it had hired cybersecurity companies to look into it. CertiK, a company that specialises in blockchain security, later said that more than 261,854 Solana (SOL) tokens were unstaked and moved during the hack.
Security breaches are still a problem in the crypto world. In December, the blockchain analytics company Chainalysis said that hackers stole nearly $3.4 billion worth of cryptocurrencies in 2025.
A lot of those losses were caused by big attacks. Chainalysis reported that three events in 2025 accounted for around 69% of the money lost that year. One of these was a $1.4 billion hack of the crypto exchange Bybit.
The research says that North Korean hacking gangs stole $2.02 billion worth of cryptocurrencies last year. They often did this by putting secret IT personnel in crypto projects.