Papertrade Tightens Trading Limits After Manipulation Allegations
- —Papertrade is restricting exposure onchain and through relayers
- —The team did not confirm a trader blacklist or blocked position closures
- —The platform was previously accused of oracle and BBO price manipulation
Why it matters: The curbs could cut volumes and open interest on a platform that reported $596 billion in first-day turnover.
Source: The Defiant