PANews reported on February 24th that, according to a statement released on X by Step Finance, Remora Markets, and SolanaFloor, Step Finance, SolanaFloor, and Remora Markets will cease operations immediately on February 24, 2026 (UTC+8). Step stated that its fundraising and acquisition attempts failed after being hacked at the end of January. Step will proceed with the STEP buyback according to the snapshot before the incident. Remora stated that all rTokens are still fully backed at a 1:1 ratio and is developing a redemption process for holders to exchange for USDC. SolanaFloor will cease updates, but its website, videos, and communications will be retained as archives.