🚨Blockaid detected an ongoing exploit on @PremiaLabs on Arbitrum. Created empty option pools, flash-loaned, and bought options so vault collateral locked into those pools, then withdrew it as liquidity. ~$400.5k drained from the vaults so far across ~2 txs. Attack still ongoing.
Blockaid detected an ongoing exploit on Premia Labs on Arbitrum, where an attacker created empty option pools, flash-loaned, and bought options to lock vault collateral, then withdrew it. Approximately $400.5k has been drained across two transactions, and the attack is still ongoing.
Source: Blockaid (opens in a new tab)