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Full article on CoinTelegraph
Step Finance treasury breach leads to $27M in losses, STEP crashes 90%
Market Intelligence Analysis
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Why This Matters
Step Finance's treasury wallet was breached, resulting in a $27M loss and a 90% crash in the STEP token price, indicating a significant security issue and potential long-term impact on the project's credibility and investor confidence.
Market Impact
Market impact analysis based on bearish sentiment with 95% confidence.
Sentiment
Bearish
AI Confidence
95%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Solana-based DeFi platform Step Finance disclosed a treasury wallet breach that saw over $27 million in SOL moved onchain, sending its STEP token down more than 90%.
Original article published by
CoinTelegraph
on February 1, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.