Whale Factor|2月 01, 2026 17:39
🐋 WHALE WATCH: The account that looks at the "receipts" and provides context.
The Step Finance exploit is a brutal case study in treasury management.
The Data:
=> Total Loss: ~$27.2M (261,854 SOL)
=> Method: Unstaked and transferred from treasury wallets during APAC hours.
=> Price Impact: STEP nuked from orbit, down >90%.
The team claims they’ve taken "remediation" steps, but when the treasury is the one getting hit, the "governance" value of the token effectively hits zero.(Whale Factor)
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