According to @EmberCN, 860 million RVV, equal to 8.6% of total supply, moved from the project’s mint contract 0xd3Ca4832452d64dfF8acEf7a2f2B4922af09dA94 and was sold on-chain for 10.288 million USDT; source: @EmberCN on X, Arkham Intelligence address 0xd3Ca4832452d64dfF8acEf7a2f2B4922af09dA94. Of the proceeds, 8.226 million USDT were sent to exchange deposit addresses associated with Gate and KuCoin at 0x425637dce805ddD3a73a17F790421B0B6bA9e0Db, 0x02f7B6A77bB80744F1e72B5D42227A29150669DF, 0x72e2fc970e74259265e80b2E12ACc2211AB5Bd2e, 0xC82B6A3504f32b1b93C437885A0e2E49f56f4884, and 0x38bE70c839F06618Fd2A2e38157614944e72bb6a, while 2.041 million USDT remains at wallet 0x643F901793A5f6Fb4DE51658CD152AdA3b88178C; source: @EmberCN on X, Arkham Intelligence address pages. The team stated the event was a hack, while the author questioned this given the conversion to USDT and deposits into centralized exchanges where funds can be frozen; source: project statement on X as relayed by @EmberCN, and Tether’s contract-level freeze capability. RVV reportedly fell sharply following these sales, indicating acute sell pressure for RVV markets; source: @EmberCN on X.