Step Finance has confirmed a $40 million theft from its treasury following a security breach on January 31, attributed to compromised execution team devices. The project is working with cybersecurity experts and law enforcement to investigate the incident. In response, Step Finance has suspended certain operations and advises users to avoid interacting with STEP tokens until further notice. Despite the breach, Step Finance has managed to recover $3.7 million in Remora assets and $1 million in other assets through Token22's security features and partner coordination. The project plans to take a snapshot before the attack and is exploring solutions for STEP token holders. Remora Markets remains unaffected, with all rTokens fully backed by collateral.