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

By Simon Yoon

Canonical URL: https://www.tokenpost.com/news/technology/45721
Published: 2026-11-01T06:19:21.000Z
Updated: 2026-11-01T06:19:21.000Z
Section: Technology

> The assets moved from Arbitrum to Ethereum before passing through Chainflip and NEAR Intents for conversion into Bitcoin (BTC).

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. Arbitrum is the starting point in the account, Ethereum is the next network, and Chainflip and NEAR Intents are the services involved in the swaps. That sequence describes the movement from the affected funds to BTC, while the stated loss remains $464,600. Put another way, the account traces the funds across networks before they were converted, making BTC the endpoint of the described transaction path.