Dominion Market’s SILV token fell more than 70% after an exploit compromised several issuer wallets, driving the token as low as $0.40 and far below its intended 1:1 backing with physical silver. Founder Mark Tormey said the attacker dumped about $2 million worth of SILV and made roughly $200,000 before Dominion blocked attempts to alter wallet signers and the mint function. Dominion pulled liquidity, secured the affected wallets and replaced them with new devices and hardware wallets. Sunrise, which supported SILV’s launch and Solana liquidity, said the incident involved Dominion’s protocol rather than its own infrastructure and removed the market from its interface. Dominion has frozen SILV acquired between 01:00 UTC and 14:00 UTC on Friday, September 11, while leaving earlier holdings unaffected. Users who bought during that period in good faith will be able to seek USDC refunds through onchain verification from 12:00 UTC on Monday, September 14. Dominion warned that refund offers sent through private messages before the official claims process opens are fraudulent. The token launched on August 13 as a representation of one ounce of physical silver per token; Dominion reported holding 150,000 ounces, valued at roughly $9.7 million at launch. The investigation continues with the Solana Incident Response Network and SEAL 911.