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Premia Labs loses $465K in crypto hack involving cross-chain theft and Bitcoin swap

Market News
01 Nov 2026, 08:18 WIB
Tokenpost
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Bearish
Premia Labs loses $465K in crypto hack involving cross-chain theft and Bitcoin swap

Premia Labs, a decentralized derivatives project, suffered a $465,000 loss in a crypto attack. The stolen assets were moved from the Arbitrum network to Ethereum, then converted into Bitcoin using Chainflip and NEAR Intents. This cross-chain theft highlights ongoing security risks in decentralized finance projects and the complexity of tracing stolen crypto assets across multiple blockchains. The incident underscores the need for enhanced security measures in DeFi platforms.

Premia Labs' recent $465,000 crypto theft provides context for the current market environment. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Nov 01, 2026 12:01 WIB: 28 out of 50 major cryptocurrencies rose today. Notable movers include CAKE at Rp35.796 with a 2.69% increase and YFI at Rp35.473.192 with a 2.58% gain.

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