Premia Labs Protocol Under Sustained Attack on Arbitrum, $400,050 Stolen

BlockBeats reported that security firm Blockaid detected a sustained attack on Nov. 1 against the Premia Labs protocol on Arbitrum. The attacker created empty option pools, used flash loans to buy options, locked treasury collateral in the related pools and withdrew assets as liquidity. By the time Blockaid issued its statement, the attacker had moved about $400,500 from the vault in roughly two transactions. The attack was still ongoing.