Hacking News
Hyperliquid ETH Trades Suspected of Manipulation
Two wallets are alleged to have used $20 million in ETH trades on Hyperliquid to manipulate Ether (ETH) prices and affect large positions on Papertrade. The allegations suggest that traders on the platform may have been influenced by these trades, which occurred while the wallets held significant long positions in ETH. This situation raises concerns about market integrity and potential price manipulation in the crypto space.