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The old Ribbon DOV vault on Aevo was hacked, resulting in a loss of approximately $2.7 million
According to sources from HaShiChain, Aevo (formerly Ribbon Finance) recently announced via Twitter that due to a vulnerability in the smart contract update, the old Ribbon DOV vault was attacked by hackers, losing about $2.7 million. The team has announced that all Ribbon vaults are halted and immediately suspended for use. Users are required to withdraw their funds through the standard process after completing the contract upgrade. The contract upgrade will be pushed next week (to be announced separately). Aevo revealed that this vulnerability caused approximately 32% loss in the vault, but the team advises users to withdraw with only 19% of the position value held at the time of the attack. Users can apply from December 12 to June 12 of the following year. After June 12, the DAO will liquidate all remaining assets and distribute them to users who withdrew earlier.
#Cryptocurrency #Blockchain #DeFi #SmartContracts #CryptoHack