$40 million worth of crypto stolen from Step Finance — hackers compromise executives’ devices to gain illicit access

Step Finance, a DeFi platform, experienced a breach resulting in the theft of approximately $40 million in crypto. The hack was executed through compromising the devices of the executive team. Despite recovering some assets, the platform has halted operations temporarily to enhance security. The investigation is ongoing to determine how the attack occurred, with the company cautioning users against using STEP tokens until normal operations resume. This incident contributes to the growing trend of crypto thefts, with nearly $400 million lost in 42 reported incidents in 2026.