BREAKING: A Platform Announces That Treasury Wallets Have Been Hacked – Losses Are Significant, Altcoin Price Plummets

By Mmadu Daniel Freeman

Step Finance (STEP) announced that a security breach occurred in some treasury wallets hours ago. The project team stated that they are investigating the details of the incident and will share more information with the public as it progresses.

The official statement released by Step Finance included the following:

“A security breach occurred in some of our Treasure Wallets a few hours ago. We are currently investigating the matter. More information will be shared at a later stage. We are contacting cybersecurity firms. Firms that can help can contact us via DM.”

$SOL assets reportedly worth approximately $30 million have been stolen.

Following the development, the project’s native token, STEP, experienced a sharp decline in value. In the last few hours, the price has fallen by approximately 73.98%, dropping to $0.006050.