Solana tokenized silver project Dominion to shut down after September attack

Dominion, a Solana-based tokenized silver project, announced it is shutting down after a security incident in September led to the theft and sell-off of a large amount of SILV tokens, collapsing liquidity. The project said the attack also caused losses to operating funds and damaged the market structure, leaving the capital needed to rebuild beyond its remaining resources. Dominion said it will direct most of its remaining liquidity to a reimbursement program and allow eligible users who held SILV before the attack to redeem and liquidate their tokens at $63 each. SILV is a token designed to be backed one-to-one by physical silver, with each token representing one troy ounce of silver.