According to Wu Blockchain, the Solana tokenized silver project Dominion has announced its closure. The team stated that a security incident in September led to a large amount of SILV being compromised and sold off, resulting in a liquidity collapse, loss of operating funds, and damage to market structure. The capital required for rebuilding now exceeds the project's remaining resources. Dominion has allocated most of its remaining liquid funds to a refund plan, allowing eligible pre-attack SILV holders to cash out at $63 per token. SILV was originally designed as a Solana token backed 1:1 by physical silver, with each token representing one troy ounce of silver. On September 11, attackers gained control of its 3/5 multisig keys and sold approximately 46,909 SILV on a low-liquidity DEX, with a nominal pre-attack value of around $3 million, ultimately cashing out about $238,000. https://www.(wublock123.com)/news/solana-tokenized-silver-project-dominion-shuts-down-69641