Web3 AI Platform Offers Bounty and Token Buyback After $10 Million Hack
Astra Nova, an AI-powered leisure platform, has confirmed a serious loss involving its newly launched RVV token.
In an October 18 assertion, the venture mentioned the breach was linked to a compromised account belonging to one in every of its third-party market makers.
Astra Nova Loses Over $10 Million in RVV Token
The group said the attacker struck quickly after the token’s debut, exploiting a compromise out there maker’s account.
Astra Nova didn’t disclose the entire quantity of tokens drained from the exploit.
However, blockchain analyst EmberCN estimated the loss at roughly $10.3 million.
The analyst mentioned on-chain information reveals that the attacker withdrew 860 million RVV tokens—about 8.6% of the entire provide—from the venture’s minting contract. These tokens have been later exchanged for Tether’s USDT stablecoin.
The huge sell-off triggered a direct market response. According to CoinGecko, RVV’s worth plunged greater than 50% inside 24 hours, sliding from $0.26 to roughly $0.0103 as of press time.
EmberCN added that about $8.2 million of the proceeds have been moved to 2 centralized exchanges, including Gate and KuCoin. Another $2 million stays in an on-chain pockets presently underneath commentary.
Considering this, EmberCN questioned Astra Nova’s account of occasions, arguing that the transaction sample doesn’t resemble typical hacker conduct.
“Which hacker would convert stolen property into USDT and maintain onto them? And even switch them on to a CEX? USDT will be frozen, and going straight to a CEX—the place are there hackers this silly,” EmberCN wrote.
Token Buyback and Bounty Offer
In response to the skepticism and the market crash, Astra Nova reaffirmed that it was a sufferer of an exterior compromise, not inside foul play.
The venture introduced plans to repurchase the identical variety of RVV tokens affected by the breach. The transfer goals to stabilize the token’s liquidity and reassure buyers.
At the identical time, the Astro Nova group additionally launched a 10% bounty program for anybody who returns the stolen property to a verified restoration tackle.
The venture’s group mentioned it will not pursue authorized motion if the complete quantity is returned. It additionally described the supply as a chance to “shut this peacefully.”
“If you come back the complete quantity to the verified restoration tackle shared on our official channels, no additional motion will probably be taken, and the bounty will probably be transferred as soon as confirmed by our forensics group,” the venture said.
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