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Premia Labs loses $464K in Arbitrum exploit as hacker swaps funds for BTC

Premia Labs loses $464K in Arbitrum exploit as hacker swaps funds for BTC
AI summary

Premia Labs reportedly lost $464,600 after an exploit targeting an Arbitrum vault. The attacker moved the stolen funds through Ethereum, Chainflip and NEAR Intents before converting them into BTC. The cross-chain laundering route highlights persistent DeFi security risk and could weigh on confidence in Arbitrum-based protocols.

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