Blockaid: Premia Labs Hit by Attack, Approximately $400,500 Stolen

Blockaid reported on November 1 that Premia Labs, an options protocol on Arbitrum, suffered an ongoing exploit with roughly $400,500 (about 400,500 USD) drained from its treasury across approximately two transactions. According to Blockaid's analysis, the attacker created empty option pools, used flash loans to purchase options, locking the treasury's collateral into these pools, and then extracted the funds as liquidity. The attack was still in progress at the time of disclosure, so the total loss figure may change. The incident highlights continued security risks around options vaults and flash-loan-based manipulation on Arbitrum DeFi. Watch for Premia Labs' response, including any pause of affected pools, recovery efforts, or post-mortem identifying the specific vulnerability.