The Jito Foundation has acquired SolanaFloor, a prominent data platform and news site focused on the Solana blockchain, and announced plans to relaunch the publication following its recent shutdown. The acquisition comes after SolanaFloor ceased operations last month due to a devastating security breach.
The shutdown was triggered by a major exploit involving SolanaFloor's parent organization, Step Finance. In late January 2026, Step Finance suffered a treasury wallet breach initially reported at $27 million, with other sources citing losses up to $40 million. The incident forced Step Finance to cease operations in February, which subsequently shuttered both SolanaFloor and Remora Markets. This removed a critical set of media and analytics tools that many participants in the Solana ecosystem relied on.
Brian Smith, president of the Jito Foundation, emphasized the importance of the acquisition, stating, "When SolanaFloor went dark, the ecosystem lost something difficult to replace." He described the move as a commitment to supporting the information infrastructure necessary for market participants to understand on-chain developments. The foundation did not disclose the financial terms of the acquisition.
Under the new ownership, SolanaFloor will resume publishing immediately while maintaining editorial independence. The Jito Foundation has committed to preserving the publication's editorial autonomy, with the existing team retaining control over story selection and coverage priorities. The platform will continue its core mission of covering network activity, market movements, and technical development across the Solana ecosystem. The foundation stated that details regarding the platform's team, partnerships, and commercial offerings will be provided as the relaunch progresses.
The incident has refocused attention on operational resilience across Solana projects, particularly concerning off-chain key management, incident disclosure, and board-level governance. Analysis from AICoin noted that "Major breaches like this shift the focus toward stronger off-chain security, governance, and asset management practices," with stakeholders now emphasizing real-time monitoring and disciplined processes as credibility benchmarks.
The relaunch occurs against a backdrop of resilience for the Solana network. Spot exchange-traded funds (ETFs) tied to SOL now hold nearly $1 billion in assets, while the total value locked (TVL) in the network's DeFi ecosystem stands at $6.7 billion. The Jito Foundation itself is a key infrastructure player on Solana, developing software used by validators to manage transaction ordering and capture maximum extractable value (MEV). The project also runs a liquid staking system where users deposit SOL to receive JitoSOL, which remains usable across DeFi applications while earning staking rewards.
