Astra Nova Custodial Account Breach Leads to Asset Liquidation
- Custodial account breach leads to massive RVV liquidation.
- Astra Nova faces severe market trust issues post-attack.
- Security, governance reforms urged by community and experts.
Astra Nova’s third-party custodial account was compromised, leading to the liquidation of assets and a significant market impact, as confirmed by the company.
The event raises concerns about market security, resulting in a 70% RVV price drop and highlighting risks in cryptocurrency custodial services.
The Astra Nova (RVV) custodial breach compromised by an attacker, leading to significant asset liquidation. This breach caused notable market impacts and affected investor sentiments.
Following the attack, Astra Nova’s team and security agencies are working to trace the breached funds. The account was controlled by Astra Nova’s official market-maker address.
The breach led to an 860 million RVV token liquidation, converting into 10.288 million USDT. This incident triggered a massive 70% drop in RVV prices, causing investor concern.
With a market-wide loss of confidence, exchanges have been notified. The Astra Nova team is introducing a buyback initiative to recover stolen assets and restore market trust.
The breach follows prior high-profile funding rounds and exchange listings. No immediate regulatory responses reported, though exchanges and security partners cooperate to address issues.
Market reactions include suggestions for enhanced security reforms, with potential long-term impacts on similar market-making strategies. Historical cases highlight risks associated with centralized custodial systems.
“The project’s smart contracts and infrastructure remain secure and have been audited. We are actively cooperating with exchanges and security partners, and will handle the incident with full transparency.” – Astra Nova Team, Leadership, Astra Nova
