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ZycryptoThe price of Bitcoin briefly dropped to $0 Starknet-based decentralized exchange Paradex overnight, after a database migration issue affected the Paradex blockchain, its block explorer, bridge, and API, triggering mass liquidations before prices snapped back. Paradex’s $0 Bitcoin Glitch An issue was first flagged on the Paradex status page at…
DecryptIn brief. - A database migration issue on perps decentralized exchange Paradex led to the price of Bitcoin showing as $0, forcing a liquidation cascade. - The issue required a chain rollback to revert to its last normal state before the glitch took effect. - Service has since been restored and user funds…
CoinPediaA technical error on Paradex, a decentralised crypto exchange built on Starknet, briefly showed the price of Bitcoin at zero on Tuesday, triggering widespread liquidations and forcing the platform offline for several hours. Paradex said the incident was caused by a faulty database migration during scheduled maintenance. The error led…
CoinspeakerParadex, a decentralized perpetuals exchange operating on Starknet, briefly priced Bitcoin at $0 on January 19. The error triggered widespread liquidations and forced an unprecedented blockchain rollback to block 1,604,710. Related article: Crypto Treasuries Are Buying Bitcoin 3x Faster than It’s Mined. The incident stemmed from a faulty database migration…
Crypto EconomyThis December 30, Wu Blockchain reported that the Lighter trading platform, backed by giants such as Coinbase and Robinhood, is facing serious technical issues preventing users from withdrawing their funds. The incident occurs at a critical time for the Ethereum-based Layer-2 exchange, coinciding with the official debut of its native…