Coinmarketcap Aevo's Ribbon Vaults Suffer $2.7M Loss from Oracle Exploit
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On December 12, 2025, Aevo, formerly Ribbon Finance, reported a loss of approximately $2.7 million due to an oracle exploit affecting its legacy Ribbon DOV vaults. The exploit was linked to a vulnerability in a smart contract update, prompting a backlash over a proposed 19% payout cap on the losses incurred. The DAO plans to forfeit $400,000 from its vault positions to mitigate the net loss.
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