Astra Nova, an AI-driven crypto project from Saudi Arabia, has reported a major security incident involving its newly launched RVV token.
The project confirmed on Sunday that one of its third-party market maker accounts was infiltrated by an unknown attacker. The compromised account was used to sell off nearly 8.6% of the RVV token’s total supply on the open market.
Details of the Breach
According to blockchain researcher EmberCN, around 860 million RVV tokens changed hands for an estimated 10.288 million USDT. From these funds, the attacker sent 8.226 million USDT to the Gate and KuCoin exchanges, while around 2.041 million USDT remains in a wallet labeled 0x643.
The large-scale sale took place shortly after the token’s market debut, causing immediate turmoil in its price.
Sharp Market Reaction
Before the breach, the RVV token traded at around $0.028. Following the liquidation, its value plunged to $0.007, a steep decline of nearly 75%. It later rebounded to about $0.014, still down by roughly half from its pre-attack level, according to GeckoTerminal data.
Astra Nova’s Response and Damage Control Efforts
Astra Nova addressed the situation through its official X (Twitter) account, confirming that only a market maker’s wallet, not the project’s core smart contracts, had been compromised.
Moreover, the team stated it is working with on-chain forensics experts to track the attacker. Once sufficient evidence is collected, it will engage law enforcement.
To mitigate the fallout, Astra Nova rolled out a token repurchase program and proposed a 10% compensation for the recovery of the stolen tokens.
“We remain fully committed to protecting holders and restoring stability in the RVV ecosystem,” the project wrote in a statement.
$RVV Buyback Fund
In light of recent events, Astra Nova will be buying back the same amount of tokens affected directly from the market.
This decision reflects our firm commitment to protecting holders, stabilizing liquidity, and reinforcing long-term confidence in the $RVV… pic.twitter.com/rnnHzpX6Us
— Astra Nova (@Astra__Nova) October 19, 2025
During a subsequent X Space session, a project representative confirmed that Astra Nova had cut ties with the compromised market maker. The spokesperson emphasized that the project’s roadmap and development goals remain unchanged.
Analyst Questions Motive Behind Token Dump
EmberCN, the blockchain researcher who first traced the suspicious transactions, expressed skepticism over the attacker’s strategy. Specifically, the analyst noted that converting stolen tokens into Tether (USDT) and transferring them directly to centralized exchanges (CEXs) was unusual behavior.
“Which hacker would move stolen assets into USDT, knowing it can be frozen, and then send them to exchanges?” EmberCN wrote, questioning whether the breach was as straightforward as it appeared.
Project Background and Funding
Astra Nova describes itself as the first AI entertainment ecosystem based in Saudi Arabia. The platform integrates artificial intelligence and blockchain to power entertainment projects using low- and no-code development tools.
The startup recently completed a $48.3 million fundraising round, building on earlier investments led by Outlier Ventures and several institutional and family office investors from Saudi Arabia, the UAE, and Bahrain.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
