Astra Nova to Repurchase Tokens After $9M Hack

• Astra Nova announces RVV token buyback after $9 million hack.
• Project assures market stability and investor confidence.
• No user assets were compromised during the hack. Astra Nova announced a token buyback plan after a hacking incident led to the unauthorized sale of 860 million RVV tokens, equivalent to 8.6% of the supply.

This move aims to restore confidence in the RVV ecosystem as the token’s value plummeted, highlighting security concerns in crypto market operations.

Key Points:

The hack resulted in a significant drop in RVV’s market value by nearly 70%, with a marked increase in trading volume as panic and opportunistic trading surged. Official statements confirmed the incident involved market-maker funds only, with user assets reportedly safe. Astra Nova’s plan for a token buyback underscores efforts to support its ecosystem’s resilience. EmberCN, an on-chain analyst, questioned the hack’s legitimacy, suggesting the transaction patterns deviate from typical hacker behavior.

According to CoinMarketCap, Astra Nova’s RVV token is trading at $0.01, reflecting a 61.65% price drop over the past 24 hours. With a market cap of $11.97 million and a 24-hour trading volume of $151.83 million, the incident led to significant financial shifts. The circulating supply stands at 1.02 billion against a maximum supply of 10 billion tokens.

Our team is working directly with security agencies and exchanges. The affected wallet contained only market-making funds and no user assets. We will provide real-time updates and full transparency regarding the situation. – Astra Nova Project Team, Official Announcement

RVV Token Price Plummets Amid Market Volatility

Did you know? The Astra Nova incident mirrors the Mango Markets exploit in 2022, reiterating challenges faced in maintaining robust security amidst evolving threats to crypto market stability.

Coincu research team emphasized that Astra Nova’s proactive token buyback could potentially stabilize RVV’s valuation but also highlighted ongoing security risks prevalent in decentralized financial systems.

Astra Nova(RVV), daily chart, screenshot on CoinMarketCap at 08:56 UTC on October 19, 2025. Source: CoinMarketCap The team suggests that enhanced security measures and transparency will be critical in mitigating future risks and reinforcing community trust.