Fer 🌸

The new stack for global finance, mapped 👇

hearing from a lot of smaller teams trying to launch cards that issuers like rain and bridge won’t even work with them because they don’t have an existing product or user base, or they can’t afford the $20–30k setup fees there’s clearly a gap in the market for a card issuer focused on smaller, early stage teams

La Suprema Corte de México acaba de avalar que la UIF puede congelar tus cuentas bancarias sin orden judicial. Sin juez. Sin aviso previo. Solo necesitan "indicios" de lavado de dinero o financiamiento al terrorismo. ¿Qué significa en la práctica? La UIF detecta algo sospechoso → te bloquean TODO → después te avisan. No es castigo, dice la Corte. Es "medida preventiva". Pero mientras se resuelve, no puedes disponer de un solo peso. 6 ministros votaron a favor. 3 en contra advirtieron sobre el impacto en la certeza jurídica. Y sí, esto aplica a exchanges de cripto que operan bajo la Ley Fintech. Bitso, Mercado Bitcoin, cualquier plataforma regulada en México reporta a la UIF. Tu dinero en el banco o en un exchange mexicano ahora puede ser congelado sin que un juez lo autorice. Bienvenido al México financiero de 2026.

Statement on Recent Security Incident In the early afternoon hours of 31 January (APAC), approximately $40M was drained from the Step Finance treasury. This was a result of our executive team’s devices being compromised. Immediately after detecting the breach, we began working with leading cybersecurity researchers and relevant authorities to contain the incident, secure remaining systems, and investigate the attack. Law enforcement has been notified and we are cooperating fully. To protect users and partners, we temporarily halted several operational activities while security measures were reinforced. Step Finance was the largest liquidity provider to Remora Markets, and LP activities will resume once systems are fully secured. Remora Markets remains isolated from this incident, and all rTokens remain backed 1:1 with custodial collateral. Through built-in security protections in Token22 and rapid coordination with partners, Step Finance was able to recover approximately $3.7M in Remora assets and $1M in other positions at the time of writing. We understand the seriousness of this situation and the impact it has on our community. We ask for your patience as we work with our partners to determine the safest and most responsible path forward. All official updates regarding this incident will be shared exclusively through this account. At this time, we do not recommend anyone engage with the STEP token until our investigation is complete. A snapshot will be taken from before the exploit, and we are actively working on a solution for STEP token holders. We will share further updates as soon as they are finalized. We are deeply grateful for the support from members of the Solana ecosystem and from our community. Our focus now is on security, recovery, and rebuilding with stronger safeguards in place. Regards, Step Team