As reported by Chainthink, on December 14, Aevo announced that the old Ribbon DOV vault was attacked on December 12 due to a vulnerability in a smart contract update, resulting in a loss of approximately $2.7 million. Aevo's platform remains unaffected and operational. All Ribbon vaults have been halted and will be immediately disabled, with the attack causing a 32% loss of total assets. Users are advised to follow the standard withdrawal process, which will require a contract upgrade scheduled for next week (to be announced). A claims window will remain open for six months until June 12, 2026, after which the DAO will liquidate all remaining assets and distribute them to users who previously withdrew, with compensation up to 19% of the missing amount or the remaining available balance.
Aevo Ribbon DOV Old Vault Hacked, Losing $2.7M
ChainthinkShare
Summary
Aevo announced on December 14 that the old Ribbon DOV vault was hacked on December 12 due to smart contract vulnerabilities in a recent update, leading to a $2.7 million loss. The platform remains operational. All Ribbon vaults are paused and will be permanently disabled. Users are advised to follow the standard withdrawal process, with a contract upgrade planned for next week. A six-month claims window is open until June 12, 2026. The DAO will liquidate remaining assets for compensation, up to 19% of the missing amount or the remaining balance. Contract security remains a key focus as the team reviews the breach.
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