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Florence Muchai

Ribbon Finance, formerly Aevo, loses $2.7M; expiry prices set December 12, 2025

Ribbon Finance, formerly Aevo, saw $2.7 million drained from an old contract after an attacker manipulated oracle-linked expiry pricing, including a stETH call option expiring on December 12, 2025. The funds were routed through fifteen wallet addresses and partially consolidated, with movements spanning ETH, wstETH, USDC, and WBTC.