Papertrade Faces BBO Price-Manipulation Allegations…
Papertrade, a newly launched perpetual futures platform on HyperEVM, is facing allegations that traders manipulated its reference prices by moving Ethereum quotations on Hyperliquid while maintaining substantially larger positions on Papertrade.The controversy emerged shortly after the exchange began operating on October 10, 2026, offering leverage of up to 1,000 times through a synthetic trading system.On-chain
