火星财经消息,October 7, the Solana-based tokenized silver project Dominion announced its closure. The team stated that a security incident in September resulted in a large number of SILV tokens being compromised and sold off, leading to a liquidity collapse, loss of operating capital, and damage to market structure—capital required for recovery now exceeds the project’s remaining resources. Dominion has allocated most of its remaining liquidity to a refund program, allowing eligible SILV holders who owned tokens prior to the attack to exit at $63 per token. SILV was originally designed as a Solana-based token backed 1:1 by physical silver, with each token representing one troy ounce of silver. On September 11, attackers gained control of three out of five multisignature keys and sold approximately 46,909 SILV tokens on a DEX with thin liquidity; the nominal value before the attack was around $3 million, but the attackers ultimately cashed out approximately $238,000.
Solana Tokenized Silver Project Dominion Announces Closure Following September Attack
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Dominion, a Solana-based tokenized silver project, has announced its closure following a major liquidity crisis. A security breach in September enabled attackers to steal and dump 46,909 SILV tokens, triggering a collapse in liquidity and market structure. The project has prioritized refunds, offering eligible pre-attack holders $63 per token. SILV was designed as a 1:1 silver-backed altcoin to watch, but the breach depleted its operational capital. Attackers used three of five multisig keys to cash out $238,000 from tokens valued at $3 million prior to the incident.
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