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Jito Foundation Acquires SolanaFloor After Step Finance Hack Shutdown

Cointelegraph
The Jito Foundation has acquired SolanaFloor, planning to relaunch the data platform following its shutdown after a Step Finance security breach.

Summary

The Jito Foundation has acquired SolanaFloor, a data and journalism platform focused on the Solana ecosystem, with plans to relaunch the site. SolanaFloor had previously ceased operations in February after its parent company, Step Finance, shut down following a treasury wallet breach in late January that drained approximately $40 million in SOL. Before closing, SolanaFloor offered ecosystem news, research, and on-chain analytics for the Solana network. Under the acquisition, SolanaFloor will resume publishing coverage of Solana developments under the Jito Foundation, which supports the Jito protocol for liquid staking and block-building infrastructure. Financial terms of the deal were not disclosed, and further details regarding SolanaFloor's editorial structure and team are forthcoming.

(Source:Cointelegraph)