Premia Labs Suffers $464K Arbitrum Vault Exploit
An exploit on Arbitrum resulted in the loss of $464,600 from Premia Labs, with stolen funds converted to Bitcoin.
An exploit on Arbitrum resulted in the loss of $464,600 from Premia Labs, with stolen funds converted to Bitcoin. Bitcoin (BTC) is trading at ₹74,06,777 ($77,925.00), up 0.1% since this brief published. This is an original Token Times brief based on reporting by Crypto.news, with live market data added, as of Sun, 01 Nov 2026 14:15:01 UTC.
The exploit highlights vulnerabilities in decentralized finance protocols and the challenges of securing cross-chain transactions, affecting user trust and platform security.
- Premia Labs lost $464,600 in an Arbitrum vault exploit.
- Stolen funds were moved through Ethereum, Chainflip, and NEAR Intents.
- The incident underscores DeFi security risks and cross-chain vulnerabilities.
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- Premia Labs Suffers $464K Arbitrum Vault Exploit — this brief
Premia Labs, a decentralized finance platform operating on the Arbitrum network, suffered a significant exploit resulting in the loss of $464,600. The incident involved unauthorized access to one of the platform's vaults, leading to the theft of user funds.
The stolen funds were then moved through a series of transactions across different blockchain networks. According to the report, the funds were transferred via 
Ethereum, Chainflip, and NEAR Intents before being converted into 
Bitcoin. This cross-chain movement of funds complicates the tracking and recovery process.
Arbitrum's total value locked (TVL) stands at $3.34 billion, marking a 1.9% increase over the past week, while 
NEAR Protocol's TVL is $121.05 million, down 5.8% over the same period. These figures indicate the broader context of DeFi activity and the relative impact of the exploit on the respective networks.
The broader cryptocurrency market remains relatively stable, with a total market cap of $2.68 trillion. Bitcoin is currently trading at $77,829, up 0.49% in the last 24 hours, while Ethereum is at $2,261.54, also up 0.57% in the same period. NEAR Protocol, involved in the transfer of stolen funds, is trading at $4.39, down 0.72% in the last 24 hours.
This incident underscores the importance of robust security measures in the DeFi space and the need for improved cross-chain security protocols. As DeFi platforms continue to grow, ensuring the safety of user funds remains a critical challenge.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from ₹73,97,652.05$77,829.00 to ₹74,06,776.86$77,925.00 — +0.12%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.16M (about $77,925.00), up 0.6% over 24 hours. The rupee itself trades about 10.2% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 1, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Premia Labs Suffers $464K Arbitrum Vault Exploit — questions & answers
How much did Premia Labs lose in the exploit?
Premia Labs lost $464,600 in the Arbitrum vault exploit.
What happened to the stolen funds?
The stolen funds were moved through Ethereum, Chainflip, and NEAR Intents before being converted to Bitcoin.
What is the current state of Arbitrum's TVL?
Arbitrum's TVL is $3.34 billion, up 1.9% over the past week.
How much is 1 Bitcoin worth in rupee today?
About ₹8.16M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $77,925.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.12% since this brief first published — trading at ₹74,06,777 ($77,925.00) now versus ₹73,97,652 ($77,829.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.