Papertrade is facing allegations of price manipulation after El33 claimed a trader artificially moved Hyperliquid prices to generate profits on the platform. The accusation centers on exploitative trading activity designed to benefit from the protocol's payout mechanism. The Papertrade pool, which distributes winnings to successful participants, held approximately $3.14 million in funds as of October 10. Data from that date indicated no queued profits were pending distribution at the time of the report.