The Jito Foundation has acquired SolanaFloor, a data and journalism platform focused on the Solana ecosystem. The platform will be relaunched after its previous operations ceased earlier this year due to a security breach at its parent company, Step Finance.
SolanaFloor provided essential ecosystem news, research, and on-chain analytics before its shutdown in February. It tracked projects and market activity across the Solana network.
Under the Jito Foundation's stewardship, SolanaFloor will resume its coverage of Solana developments. The Jito Foundation is an organization dedicated to supporting the Jito protocol, which centers on liquid staking and block-building infrastructure. Its initiatives include grants and partnerships to foster activity within the Solana network.
Details regarding SolanaFloor's editorial structure, team, and future offerings will be announced post-relaunch. The financial terms of the acquisition were not disclosed.
The shutdown of Step Finance and its affiliated platforms, including SolanaFloor and the lending protocol Remora Markets, was triggered by a treasury wallet breach in late January. This incident resulted in the loss of approximately $40 million in Solana (SOL) tokens. Cybersecurity firms investigated the breach, with blockchain security company CertiK confirming the transfer of over 261,854 SOL tokens during the attack. Security breaches continue to pose a significant challenge across the cryptocurrency industry, with substantial financial losses reported annually.