Jito Foundation acquires and revives SolanaFloor following shutdown over $27 million exploit

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Jito Foundation acquires and revives SolanaFloor following shutdown over $27 million exploit The acquisition follows SolanaFloor's shutdown last month due to a $27 million exploit linked to its parent company, Step Finance. By Francisco Rodrigues , AI Boost | Edited by Stephen Alpher Mar 10, 2026, 3:00 p.m. Make us preferred on Google (Dmytro Glazunov/Unsplash/Modified by CoinDesk) What to know : The Jito Foundation has acquired SolanaFloor, a data platform and news site focused on the Solana blockchain. The acquisition follows SolanaFloor's shutdown last month due to a $27 million exploit linked to its parent company, Step Finance. Jito plans to immediately relaunch the site with editorial independence to cover network activity, markets, and technical development in the Solana ecosystem. The Jito Foundation announced its acquisition of SolanaFloor, a data platform and news site focused on the Solana blockchain, and plans to relaunch the publication after its recent shutdown. SolanaFloor ceased operations last month after an $27 million exploit involving its parent organization, Step Finance. The team considered external financing and acquisition but was unable to continue operating the platform. Jito stepped in to bring the site back online but did not reveal the acquisition value. The foundation said SolanaFloor will resume publishing immediately while maintaining editorial independence. The newsroom will continue covering network activity, market movements and technical development across the Solana ecosystem. “When SolanaFloor went dark, the ecosystem lost something difficult to replace,” said Brian Smith, president of Jito Foundation. He described the acquisition as a commitment to supporting information infrastructure that enables market participants to understand onchain developments. The relaunch comes as the Solana network remains resilient. Spot exchange-traded funds tied to the token now hold nearly $1 billion in assets, while total value locked on the network’s DeFi ecosystem is at $6.7 billion. Jito itself plays a role in Solana’s infrastructure. The project develops software used by validators to manage transaction ordering and capture maximum extractable value, or MEV, a form of additional revenue that can arise during block production. The network also runs a liquid staking system that allows users to deposit SOL and receive a token called JitoSOL that remains usable across decentralized finance applications while still earning staking rewards. Under the new ownership, SolanaFloor’s editorial team will retain control over story selection and coverage priorities. Jito stated that details about the platform’s team, partnerships, and commercial offerings will be provided as the relaunch progresses. Solana News Jito labs acquisition AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You Pudgy Penguins: Challenging the Pokemon and Disney Legacy in the Global IP Race By CoinDesk Research Feb 27, 2026 Commissioned by Pudgy Penguins CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events. What to know : Disrupting a Stagnant Market : Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product. 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