Bitcoin Price Drops to Zero on Paradex Exchange Due to Glitch Causing Widespread Liquidations
Paradex’s Bitcoin Perpetual Contracts Face Major Setback The price of Bitcoin on the decentralized exchange Paradex unexpectedly dropped to $0 overnight due to issues related to database migration that impacted various aspects of the Paradex blockchain, along with its block explorers, bridges, and APIs, as mentioned by several users. This situation was first noted on […]
Bitcoin Price Drops to Zero on Paradex Exchange Due to Glitch Causing Widespread Liquidations
Simply put A database migration problem at the decentralized exchange Paradex caused Bitcoin’s price to display as $0, triggering a wave of liquidations. This issue necessitated a rollback of the blockchain to its last stable state prior to the glitch. As per the exchange’s status page, services have been restored, and users’ funds are secure. […]