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Incident record · Under review

Hyperliquid ETH trades: Exploit

Papertrade faces price manipulation allegations after two wallets reportedly used $20M ETH trades on Hyperliquid to affect large positions.

StatusUnder review
Reported loss$20.0M
ChainNot specified
Confidence55%

Evidence boundary

Confidence describes the coverage of the available evidence. It is not a safety rating and does not guarantee that a protocol or asset is safe.

Sources

Record history

First seen: 2026-10-11T07:57:08.000Z. Last updated: 2026-10-11T09:01:13.282Z. Revision: 1.