Jito Foundation Acquires SolanaFloor, Aims to Revitalize Ecosystem News
By John Nada·Mar 10, 2026·6 min read
The Jito Foundation has acquired SolanaFloor, aiming to revive ecosystem journalism after a security breach led to its shutdown earlier this year.
The Jito Foundation has acquired SolanaFloor, a prominent data and journalism platform dedicated to the Solana ecosystem, and plans to relaunch the site after its recent shutdown. SolanaFloor had gone offline in February following a security breach at its parent organization, Step Finance, which led to the cessation of operations due to a treasury wallet breach.
Before its shutdown, SolanaFloor provided essential news, research, and on-chain analytics that tracked projects and market activities across the Solana network. The platform was regarded as a key resource for investors and developers alike, offering insights that were vital to navigating the rapidly evolving landscape of the Solana ecosystem. Its analytics tools and journalistic coverage allowed users to stay informed about the latest trends, project developments, and market dynamics.
According to a company press release shared with Cointelegraph, the platform will resume operations under the Jito Foundation, which focuses on supporting development around the Jito protocol, emphasizing liquid staking and block-building infrastructure. This acquisition represents a strategic move by the Jito Foundation to bolster its influence within the Solana ecosystem by providing a reliable source of information and analysis.
The acquisition includes the existing editorial team at SolanaFloor, ensuring continuity in operations despite the change in ownership. Awais Afzal, editor at SolanaFloor, confirmed that the platform’s existing editorial team has been absorbed as part of the acquisition and will remain in place following the relaunch. He emphasized that the day-to-day editorial operations will be conducted independently from the Jito Foundation. This independence is crucial for maintaining editorial integrity and ensuring that the journalism produced remains unbiased and factual, particularly in an environment where trust is paramount amidst ongoing security concerns.
This move reflects an ongoing commitment to maintaining robust journalism within the Solana ecosystem, which has faced significant challenges, including the recent security breaches that have affected multiple projects. Security is a pressing issue in the cryptocurrency space, and the acquisition of SolanaFloor by the Jito Foundation could signal a renewed effort to enhance transparency and security through informed reporting.
The Jito Foundation is not just a supporter of the Solana ecosystem but also plays an instrumental role in fostering innovation around the Jito protocol. This protocol focuses on liquid staking, a method that allows users to stake their cryptocurrencies while still being able to use a derivative token. This innovative approach can enhance liquidity and provide users with more flexibility in managing their crypto assets. By aligning SolanaFloor’s operations with its mission, the Jito Foundation aims to create a comprehensive ecosystem that supports both technological advancement and reliable information dissemination.
Furthermore, the revival of SolanaFloor may provide critical insights and analytics that can enhance market understanding and investor confidence moving forward. Given the complexities of the cryptocurrency market, access to accurate and timely information is essential for participants. The combination of Jito’s infrastructure support and SolanaFloor’s analytical capabilities may empower investors with the knowledge they need to make informed decisions in a volatile market.
The context of this acquisition is further underscored by the events leading to SolanaFloor's initial shutdown. In February, Step Finance announced that it would cease operations following a treasury wallet breach that drained approximately $40 million in Solana (SOL). This incident not only impacted Step Finance but also had ripple effects throughout its affiliated platforms, including SolanaFloor and the lending and yield protocol Remora Markets. The breach was reported on January 31, prompting Step Finance to engage cybersecurity firms to investigate the incident and mitigate the damage. Blockchain security company CertiK later revealed that more than 261,854 Solana tokens were unstaked and transferred during the attack, highlighting the severe vulnerabilities facing projects within the Solana ecosystem and the broader crypto industry.
The aftermath of the Step Finance hack serves as a reminder of the persistent challenges that security breaches pose. A December report from blockchain analytics company Chainalysis estimated that hackers stole about $3.4 billion in cryptocurrency in 2025 alone, with large attacks accounting for a significant share of those losses. According to the report, just three incidents during that year were responsible for around 69% of the total funds stolen, including a staggering $1.4 billion breach of the crypto exchange Bybit. The involvement of North Korean hacking groups, which were behind $2.02 billion in stolen cryptocurrency, further complicates the landscape, as these groups frequently employ sophisticated tactics, including infiltrating crypto projects with covert IT workers.
The challenges of security in the crypto industry are not merely technical but also affect the public’s perception of cryptocurrencies and their underlying technologies. The rise in hacking incidents has led to increased scrutiny from regulators and a demand for better security practices across the board. As SolanaFloor resumes its operations, it will be essential for the platform to address these security concerns head-on, providing coverage that not only informs but also educates its audience about the risks and mitigation strategies associated with investing in cryptocurrencies.
As SolanaFloor prepares for its relaunch, additional details about its editorial structure, team, and commercial offerings are expected to be shared. The anticipation surrounding this information reflects the community's interest in how SolanaFloor will adapt to the changing landscape and what new strategies it will employ to enhance its value proposition. The integration of Jito Foundation’s resources could lead to innovative reporting techniques and analytical tools that keep pace with the rapid developments in the Solana ecosystem.
The revival of SolanaFloor under the auspices of the Jito Foundation also underscores the importance of community-driven initiatives within the Solana ecosystem. By coordinating grants, partnerships, and other initiatives intended to support activity across the Solana network, the Jito Foundation is positioning itself as a central player in the ecosystem’s growth. As it navigates the complexities of the crypto landscape, its collaboration with SolanaFloor could yield significant benefits, helping to cultivate a more informed and engaged community.
In light of the recent challenges faced by the Solana ecosystem, the acquisition of SolanaFloor by the Jito Foundation comes at a pivotal moment. It represents not only a recovery effort but also a proactive step towards enhancing the overall health of the ecosystem through quality journalism and informed discourse. The future of SolanaFloor will be closely watched by industry stakeholders, as its success could have far-reaching implications for how information is shared and consumed in the cryptocurrency space, ultimately influencing investor confidence and market dynamics.