Solana Silver Token Shuts Down, Refunding Holders at $63 a Token
The fix cost more than the project had left, so the last of the pool becomes a $63 exit.
Dominion is shutting down its silver token on Solana[1]. A September attack drained the pool and wrecked the token’s market[1]. The team said the money to fix the pool and the market was more than it had[2]. So it stopped the project[2]. The cost to rebuild was above what it had left[3]. Most of the pool money still there goes to refunds[4]. Holders who owned the token before the attack can exit at $63 per token[5].
What to do: holders who owned the token before the attack can exit at $63 per token[5]. The pool money for refunds is set aside for that[4].
Who gains, who loses
Receipts
Dominion announced the shutdown of its Solana tokenized-silver project after a September security incident.
“Dominion is shutting down its Solana tokenized-silver project after a September security incident drained liquidity, damaged SILV’s market structure and left rebuilding costs above the project’s remaining resources.”
Dominion said funds needed to rebuild liquidity, restore the market and maintain operations exceeded its remaining resources.
“The team said the funds needed to rebuild liquidity, restore the market and maintain project operations had exceeded its remaining resources, so it decided to cease operations.”
Dominion said rebuilding costs exceeded the project’s remaining resources.
“The team said the attack drained liquidity, damaged SILV’s market structure and left rebuilding costs above the project’s remaining resources.”
Dominion committed most of its remaining liquidity to a refund plan.
“Dominion said it has committed most of its remaining liquidity to a refund plan.”
Eligible holders who owned SILV before the attack can exit at $63 per token.
Cabal Desk is reporting, written with AI under human oversight. Every bracketed number opens its receipt: the source, the quoted span, the hash. Headlines and characterisations are commentary; the sourced facts are the receipts. Not investment advice. Corrections log. Editorial & legal.