Fantom OneRing Finance exploit. Post-mortem —

IMPORTANT NOTE: $RING token is completely safe and has not been involved in the hack, none of the liquidity pools have suffered. Only the OShare contract was exploited. Our multiple farming opportunities in the Fantom space are also safe.—OneRing

A few hours ago OneRing protocol suffered from a flashloan attack that was completely unexpected.

Fantom

Fantom is a fast, high-throughput open-source smart contract platform for digital assets and dApps. Fantom’s fast, scalable platform for decentralized applications (dApps) draws its speed from a unique consensus mechanism called Lachesis. Fantom also offers tools that make it easy to integrate existing dApps, a nuanced system of staking rewards, and a suite of built-in decentralized finance (DeFi) tools.

One Ring is a Multi-Chain Cross-Stable Yield Optimizer Platform.

Today (March 21st 2022) at 06:44:10 PM UTC an unknown hacker managed to steal 1,454,672.244369 USDC ($1,454,672.24) via flashloan attack.

The hacker stole the funds using the wallet address.