Aevo Ribbon DOV Old Vault Hacked, Losing $2.7M

Chainthink

Release Time:12/14/2025 01:20:57

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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