Dominion Freezes $SILV Bought After Exploit as Token Collapses 70%

A compromised treasury multisig forces Dominion to freeze recently acquired tokens and begin work on restoring its 1:1 silver peg.

• Dominion Market's $SILV token, backed by physical silver, experienced a 70% collapse after a treasury multisig exploit compromised wallets and led to a significant sell-off.
• The issuer has frozen recently acquired $SILV tokens to protect long-term holders and is working to restore the 1:1 silver peg, with plans to refund affected users.
• The incident highlights vulnerabilities in tokenized commodity markets, particularly on smaller blockchains like Solana, and underscores the importance of robust security and transparency.

Topics: Asset types, Risk default, Transparency audits, Alternative assets, Smart contract vulnerabilities, Proof of reserve

Tags: #dominionmarket #silv #exploit #silverpeg #tokencollapse #solana #treasurymultisig #physicalsilver #audits #refunds

Read more

Unstoppable Domains drops ICANN plans, offers refunds

Unstoppable Domains has dropped its ICANN bids and promised refunds after costs outweighed expected sales for its Web3 domain extensions.

• Unstoppable Domains has withdrawn its bids for ICANN recognition of its Web3 domain extensions due to prohibitive costs, opting to refund affected customers.
• The decision means these domains (.crypto, .wallet, .blockchain) will continue to function as on-chain assets but will not integrate with the traditional DNS system for universal browser access.
• Despite this, Unstoppable Domains will continue to act as a service provider for partner applications, such as Telegram's .gram domain, and ENS is pursuing its own ICANN application.

Topics: Jurisdictions, Legal regulatory, Infrastructure providers, Regulatory sandboxes pilots, Securities law classification, Tokenization platforms

Tags: #unstoppabledomains #icann #web3domains #domainextensions #refunds #blockchaindomains #dns #applicationcosts #telegram #ens

Read more

Arizona crypto ATM law helps 35 scam victims recover $171K

Arizona requires crypto kiosks to display scam warnings, issue receipts, screen suspect wallets and limit daily transactions.

• Arizona's crypto ATM law has successfully aided 35 scam victims in recovering over $171,000 since its implementation in September 2025.
• The law mandates crypto kiosk operators to display scam warnings, issue receipts, screen suspicious wallets, and enforce daily transaction limits, with specific provisions for new customers.
• Victims must report fraudulent transactions within 30 days to both the operator and law enforcement to qualify for full reimbursement under House Bill 2387.

Topics: Legal regulatory, Jurisdictions, Compliance, Investor protection disclosure, Regulatory sandboxes pilots, Aml antimoneylaundering

Tags: #arizona #cryptoatmlaw #scamvictims #refunds #housebill2387 #attorneygeneral #fraudulenttransactions #reportingdeadline #newcustomers #transactionlimits

Read more