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Paradex BTC glitch prompts mass liquidations and Starknet rollback

1 min read
Source: The Block
Paradex BTC glitch prompts mass liquidations and Starknet rollback
Photo: The Block
TL;DR

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.

Topics:businessexchanges#bitcoin#exchanges#liquidations#paradex#rollback#starknet
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  1. Paradex's 'free bitcoin' pricing glitch triggers mass liquidations, forces rollback  The Block
  2. Crypto Shock: How a Major Exchange Had to Rollback Blockchain After Glitch Set Bitcoin Price to $0  Blockmanity
  3. Bitcoin price briefly plunges to $0 on lesser-known Paradex exchange  CoinDesk
  4. Paradex: The root cause has been identified, and the blockchain state will be rolled back to block 1604710.  Bitget
  5. Paradex Outage Sparks Critical Examination Of Crypto Exchange Infrastructure Reliability  Bitcoin world

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