Step Finance reports $40M stolen after an executive’s device was hacked, recovering $4.7M and urging caution on STEP token use pending investigation.
On February 3, Step Finance disclosed a security breach after a senior executive’s device was compromised, leading to the theft of $40 million in assets. The company recovered $3.7 million in Remora assets and $1 million in other positions, halted certain operations, and warned users against interacting with STEP tokens until the investigation concludes. Despite the incident, Remora Markets confirmed that all rStocks affected by the breach have been restored and maintain full 1:1 backing through its brokerage partner.