The Jito Foundation has reportedly purchased Solana Floor, a data and journalism platform focused on the Solana ecosystem.
This purchase was made after the shutdown of the platform earlier this year due to a serious security breach at its former parent company, Step Finance. The platform is set to reopen the site with the existing editorial team.
SolanaFloor went offline in February. Step Finance suspended operations due to a treasury wallet hack that resulted in a loss of around $40 million in Solana tokens. The platform previously offered ecosystem news, research reports, and on-chain analysis on activity within the Solana ecosystem.
The Jito Foundation announced that SolanaFloor will resume publishing updates on ecosystem activity within the Solana ecosystem. In a post on X, the foundation announced its acquisition of SolanaFloor. The platform will continue operations without changing its core editorial role.
Jito Foundation’s Role in Solana Development
Editor Awais Afzal said that the entire staff of SolanaFloor is now included under the new ownership. He said that the staff would continue to operate as usual following the relaunch. He also mentioned that the staff would be entirely independent from the Jito Foundation.
The Jito Foundation works within the Solana ecosystem. It is focused on supporting the development of the Jito protocol, which is used for liquid staking and block building. The organization manages grants, partnerships, and programs intended to strengthen activity across the network.
Further details on the editorial team at SolanaFloor, including commercial plans, will be announced when operations resume. The financial terms of the acquisition deal by Jito Foundation were not revealed by the organization. It said further information will follow as the relaunch progresses.
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Step Finance Closure Follows Major SOL Breach
Step Finance announced its closure in February. The organization said it was forced to unwind operations due to the late-January hack. The organization said the closure would affect all its operations, including SolanaFloor and Remora Markets.
The breach occurred on Jan. 31. Step Finance stated that it had engaged cybersecurity experts to look into the breach. According to CertiK, the incident led to over 261,854 SOL being taken and moved from the platform. The breach contributed to the company’s decision to shut down.
Security threats are ongoing in the cryptocurrency market. According to a Chainalysis report in December, hackers took $3.4 billion in cryptocurrency in 2025. Three attacks were responsible for most of the stolen money.
Source: Chainalysis
Chainalysis also reported that North Korean hacking groups were responsible for stealing cryptocurrency valued at about $2.02 billion. The report also claimed that these groups used covert IT workers to access crypto projects.
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