Papertrade Tightens New Trading Limits After Hyperliquid Price Allegations
Photo: TokenPost
Papertrade tightened limits on new trading exposure Sunday after alleging that Hyperliquid prices used for its synthetic contracts were targeted for manipulation. The restrictions apply to Papertrade’s on-chain contracts and to approved relayers that submit users’ instructions to the blockchain. Papertrade said its initial launch settings allowed excessive exposure and that it was tightening limits at both levels. The platform’s synthetic Bitcoin (BTC) and Ether (ETH) contracts use the midpoint between Hyperliquid’s best bid and offer as their reference price.
Also reported by The Defiant, The Cryptonomist.
Source: TokenPost
