Warwick added on Discord that the team has “a backstop multisig that is able to mint in extreme circumstances.” The team used this multi-signature wallet, an address with specific in-protocol permissions that needs a majority of a group of signers to execute transactions, to mint tokens and sell them for ETH, rendering sILV worthless, as there is no ETH to swap the sILV for.
Illuvium Team Drains sILV Uniswap Pool in Bid to Prevent Exploit Cash-Out
