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

NewsFeeds update

Blockaid said Premia Labs' protocol on Arbitrum is under an ongoing attack in which an attacker used empty option pools and flash loans to lock vault collateral and withdraw about $400,500 in roughly two transactions.

EthereumOdailyAIBearish

Read the original on Odaily

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.