Aevo confirms that the old Ribbon DOV vaults were attacked and lost $2.7 million, and will compensate active users.
Foresight News reported that Aevo confirmed via Twitter that the old Ribbon DOV vaults were attacked, resulting in a loss of $2.7 million. Aevo stated that all Ribbon vaults have now been closed and advised users who still have deposits to withdraw their funds, but only 19% of the deposited value can be withdrawn. This withdrawal window will remain open until June 12 next year.
Aevo explained that the initial withdrawal ratio was set low because most accounts are dormant and are unlikely to ever withdraw, so priority will be given to active users. After the deadline next year, the DAO will liquidate all assets and give repayment priority to users who withdrew during this period.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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