Jito Foundation Acquires SolanaFloor, Revives Solana Ecosystem News Platform After $40M Hack

TLDR

• Jito Foundation acquires and relaunches SolanaFloor after months offline
• Platform returns as a Solana ecosystem hub for news, data, and research
• Editorial team stays independent despite Jito’s new ownership role
• Jito expands reach via validator tools and liquid staking with JitoSOL
• Step Finance breach and $40M loss led to SolanaFloor shutdown earlier

The Jito Foundation has taken control of the Solana ecosystem media platform SolanaFloor and restarted its operations after a shutdown earlier this year. The site stopped publishing after a security breach struck its former parent company, Step Finance. The acquisition now restores a key information hub for developers, traders, and researchers tracking activity across the Solana network.

Jito Foundation moves to relaunch SolanaFloor platform

Jito Foundation completed the acquisition of SolanaFloor and restarted the platform after months of inactivity. The site had previously served as a data and journalism hub covering projects, markets, and network activity. However, operations stopped earlier this year when Step Finance closed after a major security incident.

The relaunch allows SolanaFloor to resume publishing research, ecosystem updates, and analytics tied to the Solana network. The existing editorial team continues running daily newsroom operations under the new ownership structure. Jito Foundation confirmed that editorial decisions remain separate from the organization’s development and infrastructure work.

The foundation views the relaunch as a step toward restoring a reliable information source for the ecosystem. Market participants often rely on specialized outlets to track protocol development and network usage. As a result, SolanaFloor’s return may strengthen transparency around activity across decentralized finance and related sectors.

Jito infrastructure expands influence across Solana ecosystem

Jito Foundation operates within the Solana ecosystem and supports tools used by network validators. Its software helps validators manage transaction ordering while capturing maximum extractable value during block production. These mechanisms create additional revenue opportunities tied to how transactions enter newly produced blocks.

The organization also manages a liquid staking system that allows users to stake SOL while retaining liquidity. Users deposit SOL and receive a token called JitoSOL that remains usable across decentralized finance applications. Consequently, participants can earn staking rewards while still using their assets in lending or trading platforms.

Solana continues showing resilience despite market volatility and security challenges. Exchange-traded funds linked to the token now hold close to one billion dollars in assets. At the same time, total value locked across Solana decentralized finance applications stands near 6.7 billion dollars.

Step Finance breach triggered shutdown of ecosystem platforms

Step Finance announced its closure earlier this year after attackers drained funds from a treasury wallet. The incident resulted in losses of roughly forty million dollars worth of SOL tokens. Following the breach, the company shut down multiple affiliated projects including SolanaFloor and Remora Markets.

Security researchers later reported that attackers unstaked more than 261,000 SOL tokens during the breach. The stolen funds then moved through several transactions across blockchain addresses. Investigators and cybersecurity firms examined the incident after Step Finance reported the attack publicly.

Crypto security incidents remain a persistent challenge across the broader digital asset industry. Blockchain analytics firm Chainalysis estimated that hackers stole about 3.4 billion dollars in cryptocurrency during 2025. Several large attacks drove most of those losses, including a major exchange breach and multiple organized cyber operations.

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