Astra Nova attributes $10 million loss to market maker hack, promises to buy back RVV tokens, and offers a cashback reward.
Astra Nova, a website specializing in cryptocurrencies and artificial intelligence, announced that it lost $10 million as a result of a security breach caused by a third party. market A maker throws RVV tokens. This led to a sharp decline in the prices of the newly introduced token.
Massive code dump partly powered by Market Maker Hack.
After launching Astra Nova’s RVV token, attackers used the compromised market maker’s account to sell around 860 million tokens.
This represents approximately 8.6 percent of the total supply and translates into approximately 10.3 million converted into Tether USDT. Stable coin.
This massive sell-off caused the price of the RVV token to fall by more than 50 percent to $0.007 when the initial price was at $0.028. Market data recorded a slight recovery, as market prices stabilized at $0.014.
Astra Nova responded immediately in its official statement X Account that its smart contracts were secure, but admitted to the hack.
The project confirmed in its statement that it is cooperating with blockchain forensics teams to trace the stolen funds and will involve law enforcement authorities after completing the investigation.
Dedication to Recovery: Rebuy Reward and Token.
In response to the crisis, Astra Nova announced plans to buy back an equal number of RVV tokens that were not affected by the hack.
This aims to stabilize the liquidity of the token and restore investor confidence in the ecosystem.
A 10% bounty was also introduced in the project with the condition that anyone who returns stolen RVV funds to an approved address will receive a 10% bounty.
This incentive is in line with the company’s strong desire to protect shareholders and ensure the company’s long-term stability Amnesty International Entertainment platform Astra Nova.
During a recent X Space session, a representative stated that Astra Nova had severed all communications with the hacked market maker and confirmed that the project’s roadmap remains unchanged.
Recently, Astra Nova closed a $48.3 million funding round with investors from Saudi Arabia and the Gulf, which will help it achieve the goal of building an AI-driven entertainment ecosystem based on token facilities.
This event represents a major challenge to the reliability and openness of the platform in the field of cutting-edge cryptographic AI.