A wallet linked to TechnoRevenant borrowed $3M USDC against 744K HYPE ($61.3M) on Hypercore, then lost $1.7M on Papertrade.

First reported Oct 13, 2026, 03:19 UTC

Source reports

A wallet linked to TechnoRevenant borrowed $3M USDC against 744K HYPE ($61.3M) on Hypercore, then lost $1.7M on Papertrade. Those losses earned him 136M PAPER, making him the second-largest PAPER holder and the trader with the largest realized perp loss on the platform. So far… — Mlm onchain, Oct 13, 2026, 03:19 UTC

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