Vault hacked, $2.7 million lost; platform launches June compensation plan

【BitPush】A few days ago, the Ribbon DOV treasury on Aevo experienced a security issue—an vulnerability was found in the smart contract during an update, resulting in an attack on December 12th and a loss of approximately $2.7 million. Fortunately, the Aevo platform itself was not affected, and trading continued as usual.

The official response is as follows: all Ribbon treasuries have been halted immediately. The attack directly drained 32% of the treasury assets, which is quite painful. Users who want to withdraw funds should follow the standard process, but this requires upgrading the smart contract, and the new version will be rolled out next week.

The key point is compensation— the platform has provided a six-month claims window, open until June 12, 2026. During this period, users can file claims based on their losses. When the window closes, the DAO will liquidate the remaining assets and distribute them to users who previously withdrew funds, with the maximum compensation reaching up to 19% of the lost amount, or whichever is greater between that and the remaining available funds. The entire process is quite transparent, but there are concerns about how effectively it will be executed in the future.