Step Finance
January 31, 2026
•[ hacking, cryptocurrency theft, treasury breach ]
Step Finance reported that hackers compromised devices belonging to company executives and used that access to breach several treasury wallets, resulting in approximately $40 million in stolen digital assets. The platform detected the incident on January 31, 2026 and engaged cybersecurity researchers and partners; it reported partial recovery (including assets associated with Remora and other positions) and stated certain operations were halted to reinforce security. The incident affected treasury wallet holdings rather than user rTokens (reported as fully backed), and Step advised users to avoid interacting with the STEP token pending an outcome plan and snapshot process.
