Incident Overview:
Platform: Step Finance
Loss: ~$40M treasury theft
Vector: Compromised executive devices
Status: Operations terminated
Recovery efforts:
• ~$3.7M Remora assets recovered
• ~$1M additional tokens recovered
• Snapshot-based reimbursement for STEP holders
• Buyback + redemption process underway
Collateral shutdown:
Remora Markets, SolanaFloor
Strategic insight:
Executive endpoint compromise → treasury compromise.
Crypto treasury management must incorporate hardened device policies, hardware-backed key storage, enforced MFA, anomaly detection.
Source: https://therecord.media/step-finance-cryptocurrency-theft-shutdown
Follow us for tactical crypto threat briefings.
Share mitigation strategies below.
#Infosec #CryptoSecurity #DeFiRisk #TreasuryManagement #EndpointSecurity #Blockchain #DigitalAssets #ThreatModeling #CyberIncident #SecurityOperations









