Premia Labs loses $464K – NEAR Intents and Chainflip enter the trail

Premia Labs, the on-chain development firm behind the derivatives exchange Kyan, has been drained of $464K (131 ETH). According to security firm Blockaid, the attacker manipulated Premia Labs’ vaults, got flash loans using fake trading pools, tricking the firm into releasing liquidity worth over 100 ETH. The stolen funds were bridged from Arbitrum to Ethereum and then swapped and cashed out through NEAR Intents and Chainflip, according to PeckShield, another Web3 security firm. Crypto hackers upgrade laundering operations The laundering mechanism underscores a trend observed across recent hacks.