Elena Nikulina

Laura Shin: Papertrade.xyz halted token transferability after people deposited seeking quick gains

Laura Shin: Papertrade.xyz halted token transferability after people deposited seeking quick gains
Papertrade.xyz transferability halt prompts criticism

Papertrade.xyz has halted the transferability of its token after people deposited and attempted to quickly lose money in hopes of earning a token they expected to sell.

Laura Shin reports that 3xliquidated described Papertrade.xyz's decision as a bait and switch, even if it helps keep the protocol operational.

Shin has recently reported on technical and security issues affecting digital assets. In March, she flagged comments from NEAR Intents GM Alex Shevchenko regarding the development of Shield to counter a rise in AI-driven hacks. She also relayed debate among critics about whether the $250,000 reward matched industry standards for an XRP Ledger bug bounty payout.

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