About $400,500 Stolen as Premia Labs' Arbitrum Protocol Faces Ongoing Attack

Premia Labs' protocol on Arbitrum is facing an ongoing attack, with about $400,500 in assets transferred from its vaults. According to Odaily, Blockaid reported that the attacker created empty option pools, used flash loans to buy options and lock vault collateral in the pools, then withdrew assets as liquidity. At the time of Blockaid's report, the assets had been moved in roughly two transactions, and the attack was continuing.