💥 SPEND $52K IN FEES, WALK AWAY WITH $1.28M IN A SINGLE DAY?

Papertrade just launched a 1,000x leverage perp exchange on HyperEVM. Less than 24 hours later, one trader found the loophole:

- The platform executes trades at Hyperliquid’s ETH price
- The trader used ~$231M in Hyperliquid orders to move that price
- Result: $3.18B in volume against a liquidity pool of just $5M

Papertrade says it was “loose launch-period settings,” not a design flaw. But were the profits really returned, and could this happen on other perp exchanges? 👀

Read the full story 👇
https://cryptothreads.io/news/trader-nets-128m-on-papertrade-by-manipulating-eth-prices/

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