Aevo has confirmed that the legacy Ribbon DOV vaults were attacked, resulting in a loss of $2.7 million, and will compensate active users.

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Aevo confirmed a $2.7 million attack on legacy Ribbon DOV vaults, closing all vaults and allowing withdrawals up to 19% of deposits until June 12 next year, prioritizing active users.

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AevoLayer 2Binance LaunchpoolRibbon DOV vaultscyber attackcompensationcryptocurrency security

According to Foresight News , Aevo tweeted that it has confirmed the attack on the old version of Ribbon DOV vaults, resulting in a loss of $2.7 million. Aevo stated that all Ribbon vaults are currently closed and advised users with remaining deposits to withdraw their funds, but only up to 19% of the deposited value will be available until June 12th of next year.

Aevo explained that the initial ratio was set low because most accounts are dormant and unlikely to withdraw funds, so active users will be prioritized. After the deadline next year, the DAO will liquidate all assets and prioritize repayment to users who withdrew funds during this period.

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