A crypto heist in January has led to the shutdown of the decentralized finance platform Step Finance, the company announced Monday. 

Earlier this month, Step Finance said about $40 million had been stolen from its treasury on January 31 after devices owned by members of its executive team were compromised. The DeFi platform said it is winding down operations as a direct result of the theft. 

“Following the hack at the end of January we explored every possible path forward, including financing and acquisition opportunities. Unfortunately, we were unable to secure a viable outcome and have made the difficult decision to end all operations effective immediately,” the company said this week.

Two associated projects, the news…