Premia Labs Exploit Causes $464,600 Loss as Attacker Converts Funds

PeckShieldAlert flagged a $464,600 exploit at Premia Labs, describing a route that took the attacker’s assets from Arbitrum to Ethereum before they were converted into Bitcoin (BTC) through Chainflip and NEAR Intents. The sequence began with a cross-chain transfer from Arbitrum to Ethereum. After that move, the attacker used Chainflip and NEAR Intents to swap the assets for BTC. The alert put the loss at $464,600 and identified BTC as the final asset in the reported route. The route involved two blockchain networks and two named conversion services.

Source: TokenPost