Step Finance Hack Incident Statement: Approximately $40 million stolen, it is recommended to refrain from using STEP tokens for now.

PANews February 3rd: Step Finance has issued a statement regarding a hacking incident on the X platform, revealing that approximately $40 million was stolen from its treasury due to an intrusion into its executive devices. After detecting the security breach, they collaborated with cybersecurity researchers and relevant authorities to investigate the attack and notify law enforcement. During this period, some operations were temporarily halted. Currently, about $3.7 million in Remora assets and $1 million in other positions have been recovered. As the largest liquidity provider for Remora Markets, LP activities will resume once the system is fully secure. Remora Markets is not related to this incident, and all rTokens are still backed 1:1 by custodial collateral. At this stage, it is recommended that no one use STEP tokens until the investigation is complete. Future measures include obtaining system snapshots prior to the exploit to ensure the safety of STEP token holders. Any updates will be announced immediately once there is progress.