Dominion is shutting down its Solana-based tokenized silver project, SILV, following a security breach on September 11 that compromised three of five multisig keys. This allowed attackers to sell nearly 46,909 SILV tokens into thin decentralized exchange pools, drastically reducing liquidity and damaging the token's market structure. The tokens had a pre-attack value of about $3 million, but the sale only generated around $238,000. Due to the high costs of rebuilding and loss of operating capital, Dominion is refunding eligible holders $63 per token for those who owned SILV before the attack. SILV was designed to be backed one-to-one by physical silver, with each token representing one troy ounce. The project closure highlights the risks of security vulnerabilities in blockchain-based assets and the challenges in recovering from such incidents.
Dominion's shutdown of its Solana Silver token project follows a significant security breach. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 07, 2026 12:02 WIB: out of 50 major cryptocurrencies, 4 rose and 45 fell. Balancer (BAL) gained 11.14% to Rp16.297 with a typical hold time of 85 days, while Polkadot (DOT) dropped 8.61% to Rp19.986 with a 70% sell order activity, and Uniswap (UNI) fell 8.43% to Rp145.456 with a 65% buy order activity.
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