Aevo: Former Ribbon Legacy DOV vault attacked, resulting in approximately $2.7 million in losses.

According to Odaily Planet Daily, Aevo (formerly Ribbon Finance) announced that its Ribbon Legacy DOV vault was attacked yesterday due to a smart contract update vulnerability, resulting in a loss of approximately $2.7 million. The team immediately launched an investigation to identify the root cause of the vulnerability and is collaborating with centralized exchanges and security partners to track and flag the stolen funds.

Aevo stated that although the attackers bypassed the existing Immunefi vulnerability bounty mechanism, a white-hat negotiated solution remains open. The official statement also emphasized that this incident did not affect the Aevo exchange or its staking users, and the platform remains secure and operating normally.

Regarding depositors at the Ribbon Legacy vault, Aevo stated that it is developing a follow-up plan and expects to release further updates within 24 hours, as well as a full incident review report later.