Coinpaper 2026-03-10 20:04:58

Jito Foundation Acquires SolanaFloor, Reviving Independent Coverage

SolanaFloor is officially back online after its abrupt closure earlier this year. The platform, known for independent coverage of on-chain activity across the Solana ecosystem, was acquired by the Jito Foundation. This move ensures SolanaFloor can resume operations while maintaining full editorial independence, addressing the gap left by its sudden shutdown. The platform originally announced a wind-down in February 2026 following an exploit linked to its parent organization. Attempts to secure external financing or acquisition options initially failed, leaving the Solana community without a trusted source of news and analysis. Now, under the stewardship of the Jito Foundation, SolanaFloor aims to continue its mission of documenting the ongoing growth and evolution of Solana. Editorial Independence and Mission While SolanaFloor now operates under Jito Foundation ownership, all editorial decisions will remain independent. This includes story selection, data presentation, and coverage priorities. Brian Smith, President of Jito Foundation, emphasized, “When SolanaFloor went dark, the ecosystem lost something difficult to replace. This acquisition is about filling the gap with a platform that operates from a position of editorial independence.” The platform’s mission is clear, providing unbiased research and journalism on the Solana ecosystem. With spot $SOL ETFs surpassing $1 billion in assets under management, the chain is experiencing gradual institutionalization. Additionally, new DeFi tools and integrations continue to emerge, making independent coverage more critical than ever. Step Finance Hack and Industry Challenges The shutdown of SolanaFloor was part of a wider fallout from the Step Finance treasury breach in January. Roughly $40 million in SOL tokens were drained from the ecosystem, forcing Step Finance and affiliated platforms, including Remora Markets and SolanaFloor, to cease operations temporarily. Blockchain security firm CertiK confirmed that more than 261,854 SOL tokens were unstaked and transferred during the attack. Security incidents like this highlight persistent vulnerabilities across the crypto sector. According to a Chainalysis report , hackers stole about $3.4 billion in cryptocurrency in 2025, with North Korean groups alone responsible for $2.02 billion of stolen funds. Large-scale breaches, including a $1.4 billion hack of Bybit, accounted for the majority of losses, emphasizing the ongoing need for vigilant security measures.

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