Aevo Ribbon DOV legacy vaults attacked, resulting in a loss of approximately $2.7 million

ChainCatcher reported that Aevo officially stated that due to a vulnerability in the smart contract update, the old Ribbon DOV vaults were attacked, resulting in a loss of approximately $2.7 million.

The Aevo platform was not affected and will continue to operate normally. All Ribbon vaults have been halted and will be immediately deactivated. The vaults lost about 32% of their total assets due to the attack. Users are advised to withdraw funds according to the standard withdrawal process. Withdrawals will require a contract upgrade, which will be launched next week (further notice will be provided).

The claims window will be open for six months. After that, the DAO will liquidate all remaining assets and distribute them to users who previously withdrew, with compensation up to a maximum of 19% of the missing amount or the remaining available funds.