Key Takeaway:
- Jito Foundation did not purchase or acquire SolanaFloor, contrary to claims.
- No credible evidence supports an acquisition of SolanaFloor by Jito Foundation.
- Reports confirm SolanaFloor was not acquired by the Jito Foundation.
The claim that Jito Foundation acquired SolanaFloor is incorrect. No credible party has announced such a transaction, and recent coverage describes SolanaFloor winding down rather than being acquired, as reported by Crypto Briefing.
Confusion likely stems from a separate, earlier event: in 2022, Step Finance acquired SolanaFloor in a strategic expansion, as reported by CoinDesk. That historical deal did not involve Jito Foundation and is unrelated to the post‑incident shutdowns.
On January 31, 2026, Step Finance suffered a security breach that removed roughly $40 million from its treasury, as reported by Cointelegraph. Coverage attributes the loss to compromised executive‑level devices rather than a smart‑contract failure, distinguishing it as an operational security incident.
Following the incident, Step Finance initiated a full wind‑down of operations alongside affiliated projects SolanaFloor and Remora Markets, according to Crowdfund Insider. The team evaluated potential financing and acquisition paths but did not secure a viable outcome.
Leadership indicated they canvassed multiple options before deciding to cease operations. “We explored every possible path forward, including financing and acquisition opportunities,” said George Harrap, co‑founder, Step Finance.
At the time of writing, public reporting notes SolanaFloor ceased new publishing while maintaining access to its archives, and there is no announced acquisition by Jito Foundation.
Last updated: 2026-03-09
Disclaimer:
Coinwy provides news and informational content related to cryptocurrency and digital assets. The information published on this site is for educational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency investments carry significant risk. Always conduct your own research and consult a qualified financial advisor before making any financial decisions.
