One Ring Finance

The blockchain platform One Ring Finance was targeted in a flash loan attack.

The attackers stole around $2 million in the swap and as the flash loan fees.

The attack was carried in a way to self-destruct at a specific block, making it almost impossible to track it.

One Ring along with qualified developers are trying to investigate the incident and clean all of their code.

Source: https://portswigger.net/daily-swig/flash-loan-attack-on-one-ring-protocol-nets-crypto-thief-1-4-million

TPRM report: https://scoringcyber.rankiteo.com/company/one-ring-finance

"id": "one23124322",
"linkid": "one-ring-finance",
"type": "Cyber Attack",
"date": "03/2022",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization's existence"

{'affected_entities': [{'industry': 'Finance',
                        'name': 'One Ring Finance',
                        'type': 'Blockchain Platform'}],
 'attack_vector': ['Flash Loan'],
 'description': 'The blockchain platform One Ring Finance was targeted in a '
                'flash loan attack. The attackers stole around $2 million in '
                'the swap and as the flash loan fees. The attack was carried '
                'out in a way to self-destruct at a specific block, making it '
                'almost impossible to track it. One Ring along with qualified '
                'developers are trying to investigate the incident and clean '
                'all of their code.',
 'impact': {'financial_loss': '$2 million'},
 'investigation_status': 'Ongoing',
 'motivation': 'Financial Gain',
 'response': {'remediation_measures': ['investigate the incident',
                                       'clean all of their code'],
              'third_party_assistance': ['qualified developers']},
 'title': 'Flash Loan Attack on One Ring Finance',
 'type': 'Flash Loan Attack'}