Dominion to shut down after September attack on SILV tokens

Dominion, a Solana-based tokenized silver project, is shutting down following a September security incident that resulted in the theft and sell-off of a significant amount of SILV tokens, leading to a collapse in liquidity. The attack caused losses to operating funds and disrupted the market structure, leaving the necessary capital for recovery beyond its remaining resources. Dominion will allocate most of its remaining liquidity to a reimbursement program, allowing eligible users who held SILV before the attack to redeem and liquidate their tokens at 63 dollars each. SILV is designed to be backed one-to-one by physical silver, with each token representing one troy ounce of silver.

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