Archived tweet

Tweet by Aevo (fka Ribbon Finance):

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 security partners to ensure the stolen funds are tracked and marked. Although the perpetrator bypassed our existing Immunefi bounty, the offer remains open for a potential whitehat resolution. To Aevo users and stakers: the exchange is not impacted in any way and remains fully secure and operational. For Ribbon Legacy depositors, we are currently defining the best course of action; please expect an update within the next 24 hours. If you have questions, support is available via DMs or our ticketing system on the exchange. A full post-mortem will follow shortly. Thank you for your patience as we resolve this. Tweeted at 7:15 AM · Dec 13, 2025