Finance Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Jito Foundation acquires and revives SolanaF Finance Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Jito Foundation acquires and revives SolanaF

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

2026/03/10 23:00
5 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail

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 NewsJito labsacquisition
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

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.
View Full Report

More For You

Kraken's tokenized stock venue starts points program, hinting at possible ecosystem token

The initiative will reward trading and DeFi use of tokenized stocks as the sector tops $1 billion and gains traction with major exchanges.

What to know:

  • xStocks, a Kraken-linked tokenized equities platform, is launching an xPoints rewards program to incentivize traders, liquidity providers and DeFi builders who use its onchain stock tokens.
  • Points systems in crypto often precede token launches or governance incentives, though xStocks has not officially announced plans for a token yet.
  • The move comes as tokenized equities rapidly expand, with more than $1 billion in value locked and growing interest from traditional finance, including a new Nasdaq-Kraken partnership to distribute tokenized stocks outside the U.S.
Read full story
Latest Crypto News

Why crypto's privacy problem is a total dealbreaker for mainstream users

Crypto shouldn’t “die on the hill” of stablecoin yield, Rick Edelman says

Bitcoin climbs past $71,000 as oil shock fears continue to ease

CFTC chair highlights wide crypto agenda, including rules on DeFi, prediction markets

Vitalik Buterin pushes ‘DVT-Lite’ to make Ethereum validator setup easier

Solana, XRP ETFs take different paths as crypto investors pile in

Top Stories

U.S. requests October retrial for Tornado Cash developer Roman Storm

A single crypto trader is sitting on a $194 million bet that bitcoin and ether will keep climbing

Traders snapped up nearly 600,000 BTC as bitcoin dipped below $70,000, blockchain data show

Anthropic is suing the U.S. government for allegedly blacklisting its AI

Bhutan sells $42.5 million of bitcoin in 2026 as national stack drops 58% from peak

Nvidia's Huang argues AI creates jobs, not destroys them, in rare official blog post

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

The post Polygon Tops RWA Rankings With $1.1B in Tokenized Assets appeared on BitcoinEthereumNews.com. Key Notes A new report from Dune and RWA.xyz highlights Polygon’s role in the growing RWA sector. Polygon PoS currently holds $1.13 billion in RWA Total Value Locked (TVL) across 269 assets. The network holds a 62% market share of tokenized global bonds, driven by European money market funds. The Polygon POL $0.25 24h volatility: 1.4% Market cap: $2.64 B Vol. 24h: $106.17 M network is securing a significant position in the rapidly growing tokenization space, now holding over $1.13 billion in total value locked (TVL) from Real World Assets (RWAs). This development comes as the network continues to evolve, recently deploying its major “Rio” upgrade on the Amoy testnet to enhance future scaling capabilities. This information comes from a new joint report on the state of the RWA market published on Sept. 17 by blockchain analytics firm Dune and data platform RWA.xyz. The focus on RWAs is intensifying across the industry, coinciding with events like the ongoing Real-World Asset Summit in New York. Sandeep Nailwal, CEO of the Polygon Foundation, highlighted the findings via a post on X, noting that the TVL is spread across 269 assets and 2,900 holders on the Polygon PoS chain. The Dune and https://t.co/W6WSFlHoQF report on RWA is out and it shows that RWA is happening on Polygon. Here are a few highlights: – Leading in Global Bonds: Polygon holds 62% share of tokenized global bonds (driven by Spiko’s euro MMF and Cashlink euro issues) – Spiko U.S.… — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) September 17, 2025 Key Trends From the 2025 RWA Report The joint publication, titled “RWA REPORT 2025,” offers a comprehensive look into the tokenized asset landscape, which it states has grown 224% since the start of 2024. The report identifies several key trends driving this expansion. According to…
Share
BitcoinEthereumNews2025/09/18 00:40
Why Is Crypto Market Up Today? 5 Key Reasons Behind the Rally

Why Is Crypto Market Up Today? 5 Key Reasons Behind the Rally

The post Why Is Crypto Market Up Today? 5 Key Reasons Behind the Rally appeared on BitcoinEthereumNews.com. The crypto market is rallying today, with Bitcoin climbing
Share
BitcoinEthereumNews2026/03/11 04:47
Chris Burniske Forecasts Big Changes Coming to Cryptocurrency Market

Chris Burniske Forecasts Big Changes Coming to Cryptocurrency Market

TLDR Chris Burniske predicts that price flows will start driving crypto market narratives. Burniske foresees underperforming cryptocurrencies gaining more attention. Coinbase predicts growth in Q4 2025 driven by positive macroeconomic factors. Tom Lee suggests Bitcoin and Ethereum could benefit from potential Fed rate cuts. A major shift is looming in the cryptocurrency market, according to [...] The post Chris Burniske Forecasts Big Changes Coming to Cryptocurrency Market appeared first on CoinCentral.
Share
Coincentral2025/09/18 00:17