PaperTrade tightens limits after manipulation attempts on Hyperliquid BBO
- —Manipulation attempts targeted Hyperliquid's ETH quotes used as reference prices by PaperTrade
- —PaperTrade tightened open-interest limits on-chain and through relayers
- —No indication of a breach in Hyperliquid's native system
- —Prediction markets cut the odds of PaperTrade's FDV exceeding $25M
Why it matters: The incident underscores synthetic venues' reliance on external price feeds and the risk of BBO manipulation in trade execution.
Source: Crypto Briefing
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