Premia V3 Vaults Drained in Flash Loan Attack
Six underwriter vaults on Premia V3 were drained, resulting in significant losses. The attacker exploited empty option pools and flash loans to withdraw collateral.
On October 31, 2026, six underwriter vaults on Premia V3 were drained, leading to losses estimated between $400,500 and $464,600. The attack involved the creation of empty option pools, which allowed the attacker to manipulate the system. By using flash loans, the attacker purchased options that locked the vault collateral into these pools.
Once the collateral was locked, the attacker was able to withdraw it as liquidity, effectively draining the vaults. The incident highlights a specific exploitation of the mechanics within the Premia V3 platform. The chain on which this incident occurred is not stated, leaving the tracing of the transaction details unspecified.
The on-chain record does not provide specific addresses involved in the incident, which limits the ability to track the flow of funds post-attack. The nature of the attack and the mechanism used suggest a sophisticated understanding of the platform's operations.