Aevo, the derivatives venue built by the former Ribbon Finance team, confirmed a $2.7 million loss from its legacy Ribbon DOV vaults after an oracle-related smart contract upgrade on December 12.
We regret to confirm that the legacy Ribbon DOV vaults were exploited yesterday following a vulnerability in a smart contract update, resulting in a loss of approximately $2.7M USD.
We have immediately taken action to identify the root cause and are coordinating with CEXs and…
— Aevo (fka Ribbon Finance) (@ribbonfinance) December 13, 2025
Shortly after, the project team relayed that Aevo will permanently disable all Ribbon vaults and run a capped recovery process for affected users. It explained 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.
As a consequence, all Ribbon vaults were paused and should soon be permanently disabled, with a six‑month claims window through June 12,
We współpracy z: https://www.coinspeaker.com/aevos-ribbon-vault-exploit-spurs-backlash-over-19-payout-plan/
