Hyperliquid sees $20M ETH trades: Was Papertrade exploited?
Decentralized trading platform Papertrade has faced allegations of price manipulation after two cryptocurrency wallets reportedly used trades worth around $20 million on Hyperliquid to move Ethereum prices by 0.1%–0.2% while holding positions worth hundreds of millions of dollars. Summary Papertrade faces allegations that two wallets manipulated Ether prices through large trades on Hyperliquid recently. Researcher
