Premia Labs attacked, vault assets on Arbitrum stolen approximately $400,000.

BlockBeats news, November 1st, security firm Blockaid has detected that Premia Labs' protocol on Arbitrum is under a sustained attack. The attacker creates empty option pools, uses flash loans, and purchases options to lock vault collateral in the relevant pools, then withdraws assets in the form of liquidity.

As of the time of Blockaid's announcement, the attacker has transferred approximately $400,500 worth of assets from the vault through about 2 transactions, and the attack is still ongoing.