Papertrade, a synthetic perpetuals platform on the HyperEVM network, has decided to keep its PAPER tokens non-transferable. This decision follows a potential attack involving oracle manipulation that reportedly drained approximately $1.28 million from the platform’s pool. The PAPER tokens will continue to serve as a staking and protocol-revenue instrument without an open secondary market. This restriction highlights the risks associated with single-oracle dependency and liquidation processes.
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