$1.28M Exploit: Trader Scores Big on New Exchange
A trader made a bold move on Papertrade, a newly launched crypto derivatives platform, using 1,000x leverage to build a large ETH position. By nudging ETH prices on Hyperliquid, they exploited the resulting volatility and turned an initial $1.2 million into $2.48 million just hours after launch.
CryptoCult
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