SolanaFloor Returns Under Jito Foundation Ownership Following Earlier Closure
Efforts to restore journalism focused on the Solana ecosystem follow a $40 million security compromise of Step Finance's treasury that forced the platform's closure.
SolanaFloor, a platform dedicated to data analytics and journalism within the Solana ecosystem, has been purchased by the Jito Foundation, which intends to bring the site back online after it ceased operations earlier this year due to a security incident affecting its parent entity.
Operations halted in February when Step Finance, the platform's parent company, decided to cease all activities in the wake of a breach targeting its treasury wallet. Prior to the shutdown, SolanaFloor delivered news coverage, analytical research, and onchain data tracking that monitored various projects and market movements throughout the Solana blockchain network.
According to a company press release provided to Cointelegraph, the acquisition will allow SolanaFloor to restart its operations under Jito Foundation's stewardship and maintain its focus on reporting developments throughout the Solana ecosystem.
The Jito Foundation operates as a Solana ecosystem entity that backs development efforts related to the Jito protocol, a platform specializing in liquid staking solutions and block-building infrastructure. Through grants, strategic partnerships, and various other programs, the foundation works to coordinate initiatives designed to bolster activity within the Solana network.
Following the platform's relaunch, more information regarding SolanaFloor's editorial framework, staff composition, and business model is anticipated. The Jito Foundation has not made public the acquisition's financial terms.
Step Finance hack forced shutdown of multiple Solana projects
In February, Step Finance made an announcement regarding the termination of its operations after experiencing a treasury wallet security breach in late January that resulted in the loss of approximately $40 million worth of Solana (SOL).
The DeFi aggregator operating on Solana indicated that the shutdown would impact not only its main platform but also several related projects, including SolanaFloor along with Remora Markets, a protocol focused on lending and yield generation.
On Jan. 31, Step Finance disclosed information about the breach and confirmed it had enlisted cybersecurity specialists to conduct an investigation into the security incident. Subsequently, CertiK, a blockchain security firm, revealed that the attack involved the unstaking and transfer of more than 261,854 Solana (SOL) tokens.
The crypto industry continues to face ongoing challenges with security breaches. According to a December report published by Chainalysis, a blockchain analytics firm, hackers managed to steal approximately $3.4 billion in cryptocurrency throughout 2025.
A substantial portion of these losses stemmed from large-scale attacks. The Chainalysis report indicated that merely three incidents during 2025 accounted for roughly 69% of all funds stolen throughout the year, with one notable example being a $1.4 billion compromise of the Bybit crypto exchange.
The report further noted that hacking groups linked to North Korea were responsible for stealing $2.02 billion in cryptocurrency over the course of the year, regularly employing strategies that included infiltrating crypto projects with concealed IT workers.