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GoPlus says attack on Premia Labs vault on Arbitrum cost over $400,000

NewsFeeds update

GoPlus said an attacker hit Premia Labs' vault contract on Arbitrum on 1 Nov, losing users more than $400,000. The vault reportedly lacked checks on option pools, which the attacker used with a flash loan to drain collateral.

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Read the original on CoinNess

The story so far: Premia Labs Arbitrum vault attack

Blockaid said Premia Labs' Arbitrum protocol was under attack on 1 Nov, with an attacker using empty option pools and flash loans to withdraw about $400,500. GoPlus later said the vault contract lacked checks on option pools, costing users more than $400,000.

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  1. Premia Labs Arbitrum protocol under way as about $400,500 is stolen, Blockaid says

  2. GoPlus says attack on Premia Labs vault on Arbitrum cost over $400,000

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.