[Opinion: Papertrade allegedly targeted by price manipulation via two addresses, revealing clear protocol vulnerabilities] Gold财经 reports that on October 11, a user on X platform named Boblob posted claiming that Papertrade is being actively exploited by two wallet addresses. These addresses are executing trades on Hyperliquid with individual sizes of approximately $20 million, causing ETH price fluctuations of 10 to 20 basis points, and subsequently establishing long positions on Papertrade with notional values reaching hundreds of millions of dollars. The user argues that this exposes a clear vulnerability in Papertrade’s current protocol, which must be urgently patched; otherwise, long-term sustainable development will be unattainable. This claim currently remains an unverified allegation by the user.
Papertrade suspected of price manipulation by two addresses; protocol vulnerability exposed
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Summary
On-chain news from October 11 reports claims by user Boblob on X that two wallet addresses are exploiting Papertrade. These addresses are said to execute $20 million trades on Hyperliquid, causing ETH price movements of 10–20 basis points and accumulating large long positions on Papertrade. The user points to a protocol vulnerability and calls for urgent remediation. The claims remain unverified. This on-chain report adds to ongoing concerns about vulnerabilities in DeFi protocols.
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