Astra Nova Blames RVV Token Drop on Market Maker Account Hack

Astra Nova has linked the decline of its RVV token coin to a hack of a third-party market maker account, leading to asset liquidation by a security hacker.

• Astra Nova reported that a security hacker compromised a third-party market maker account, resulting in significant asset liquidation that triggered a decline in the RVV token coin.
• The incident was promptly communicated to exchanges, and Astra Nova is working with on-chain experts to investigate and secure its smart contract infrastructure.
• This hacking event raises concerns over the security of market maker accounts in cryptocurrency, particularly as the RVV token coin was newly launched and vulnerable.