Step Finance's treasury was breached via phishing/endpoint compromise, causing a 96% collapse in the STEP token and leading to project shutdown on February 23, 2026.
In late January 2026, Step Finance suffered a treasury breach caused by phishing and endpoint compromise. The breach triggered a 96% collapse in the STEP token price. The project announced a full shutdown on February 23, 2026, with no recovery of the lost treasury funds.
No laundering activity observed. Treasury assets drained; project shut down with no recovery.
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