Astra Nova, an AI-driven entertainment platform, has reported a significant loss involving its recently launched RVV token.
In a statement released on October 18, the project revealed that the incident was tied to a compromised account of one of its third-party market makers.
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Astra Nova Loses Over $10 Million in RVV Token
The team stated that the breach occurred shortly after the token’s launch, taking advantage of a compromise in the market maker’s account.
Astra Nova did not specify the total number of tokens lost from the exploit.
However, blockchain analyst EmberCN estimated the loss to be around $10.3 million.
According to on-chain data, the attacker withdrew 860 million RVV tokens—approximately 8.6% of the total supply—from the project’s minting contract. These tokens were subsequently exchanged for Tether’s USDT stablecoin.
The substantial sell-off prompted a quick market response. As reported by CoinGecko, RVV’s price plummeted by over 50% within a day, dropping from $0.26 to approximately $0.0103 at the time of reporting.
EmberCN noted that around $8.2 million of the funds were transferred to two centralized exchanges, including Gate and KuCoin, while an additional $2 million remains in an on-chain wallet under monitoring.
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In light of these events, EmberCN expressed skepticism about Astra Nova’s narrative, suggesting that the transaction patterns did not indicate typical hacker behavior.
“Which hacker would convert stolen assets into USDT and hold onto them? And even transfer them directly to a CEX? USDT can be frozen, and going straight to a CEX—where are there hackers this foolish,” EmberCN wrote.
Token Buyback and Bounty Offer
In response to the uncertainty and the market decline, Astra Nova reiterated that it was a victim of an external breach rather than internal misconduct.
The project declared plans to buy back the same number of RVV tokens impacted by the breach. This initiative aims to stabilize the token’s liquidity and reassure investors.
Additionally, the Astra Nova team has introduced a 10% bounty program for anyone who returns the stolen assets to a verified recovery address.
The project emphasized that it would refrain from pursuing legal action if the full amount is returned, describing the offer as a chance to “resolve this amicably.”
“If you return the full amount to the verified recovery address shared on our official channels, no further action will be taken, and the bounty will be transferred once confirmed by our forensics team,” the project stated.
