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Astra Nova, an AI-powered entertainment platform, has confirmed a major loss involving its newly launched RVV token.
In an October 18 statement, the project said the breach was linked to a compromised account belonging to one of its third-party market makers.
The team said the attacker struck soon after the tokenâs debut, exploiting a compromise in the market makerâs account.
Astra Nova did not disclose the total amount of tokens drained from the exploit.
However, blockchain analyst EmberCN estimated the loss at approximately $10.3 million.
The analyst said on-chain data shows that the attacker withdrew 860 million RVV tokensâabout 8.6% of the total supplyâfrom the projectâs minting contract. These tokens were later exchanged for Tetherâs USDT stablecoin.
The massive sell-off triggered an immediate market reaction. According to CoinGecko, RVVâs price plunged more than 50% within 24 hours, sliding from $0.26 to roughly $0.0103 as of press time.
EmberCN added that about $8.2 million of the proceeds were moved to two centralized exchanges, including Gate and KuCoin. Another $2 million remains in an on-chain wallet currently under observation.
Considering this, EmberCN questioned Astra Novaâs account of events, arguing that the transaction pattern does not resemble typical hacker behavior.
âWhich 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 CEXâwhere are there hackers this foolish,â EmberCN wrote.
In response to the skepticism and the market crash, Astra Nova reaffirmed that it was a victim of an external compromise, not internal foul play.
The project announced plans to repurchase the same number of RVV tokens affected by the breach. The move aims to stabilize the tokenâs liquidity and reassure investors.
At the same time, the Astro Nova team also launched a 10% bounty program for anyone who returns the stolen assets to a verified recovery address.
The projectâs team said it would not pursue legal action if the full amount is returned. It also described the offer as an opportunity to âclose this peacefully.â
âIf 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,â the project stated.
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