Paradex BTC glitch prompts mass liquidations and Starknet rollback
TL;DR Summary
Paradex, a Starknet-based DEX, briefly priced Bitcoin at $0 due to a pricing glitch, triggering mass liquidations. The team will roll back the appchain to the pre-maintenance state, claiming user funds are safe. The incident, whose exact impact (number of traders or total liquidations) wasn’t disclosed, has sparked debate over blockchain finality and emergency reversals, with comparisons to similar rollback debates at Berachain and Flow.
- Paradex's 'free bitcoin' pricing glitch triggers mass liquidations, forces rollback The Block
- Crypto Shock: How a Major Exchange Had to Rollback Blockchain After Glitch Set Bitcoin Price to $0 Blockmanity
- Bitcoin price briefly plunges to $0 on lesser-known Paradex exchange CoinDesk
- Paradex: The root cause has been identified, and the blockchain state will be rolled back to block 1604710. Bitget
- Paradex Outage Sparks Critical Examination Of Crypto Exchange Infrastructure Reliability Bitcoin world
Reading Insights
Total Reads
0
Unique Readers
4
Time Saved
22 min
vs 23 min read
Condensed
99%
4,467 → 65 words
Want the full story? Read the original article
Read on The Block