Hacker Abuses $1.45 Million From OneRing Finance - Hacker Steals $1.45M from OneRing Finance

Hacker Abuses $1.45 Million From OneRing Finance, Hacker Steals $1.45M from OneRing Finance, OneRing Finance using code

A Hacker Abuses $1.45 Million From OneRing Finance

Recently, a hacker has taken $1.45 million from OneRing Financial by exploiting a SQL Injection vulnerability. Hackers are able to exploit flaws in websites via SQL injection to steal important and sensitive information like usernames, passwords, and credit card numbers when they can get the user to input them into the website's input fields.

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What is OneRing Finance?

OneRing Finance is a financial service that helps people fund their movie production ideas. It was founded by filmmaker, Hamid Ismaili. Unfortunately, one of his investors, Keith Jones, had his money stolen from the company. The culprit was Keith's own son who had to steal $1.45 million from OneRing Finance to pay for medical bills for his father who has Alzheimer's disease.

Where Does the Money Come From?

OneRing Finance is an American financial firm. The company partners with Tesla to provide financing for the purchase of their vehicles. They were recently hacked and lost many millions of dollars. The hacker came from Eastern Europe, but it's unclear what his reason was for targeting this company. More Info

Why is $1.45 Million such a large amount of money?

The amount of money that was stolen from OneRing Finance is a huge sum of money. Think about how much money you would need to pay for a house, car, or even a small business. Imagine being on the receiving end of this kind of money and trying to spend it within the week.

How did the hacker gain access to the money?

OneRing Finance is an online company that people can use to list their cars for sale. On their website, there was a listing for a Tesla Model S for sale for $1.45 million, but the day after the listing was posted, the price went down to $1.35 million because someone hacked them and took $0.05 million from the transaction.

The company discovered that they were hacked when they saw a marked up price of $0.35 million on eBay. They investigated further and found out that one of their customer service representatives had been talking with someone claiming to be selling the car across all social media platforms.

What Do We Know About The Hacker(s)?

So far, the hacker(s) has been difficult to track down, but they have a history of thefts. They are believed to have stolen $1.45 million from OneRing Finance, and they have also hacked other companies. The hacker(s) is believed to be located in Eastern Europe, but there's still no solid evidence for this claim more.

Conclusions

One Ring Finance was a company who let hackers buy Bitcoins with their credit card. In May, they were notified by the company that they had been hacked and $1.45 million was stolen. The hacker tried to pay for their purchases using their stolen credit card but didn't have enough in-store currency to cover the cost, so he transferred the money over to OneRing Finance's account.