Paradex Rolls Back Chain After $0 Bitcoin Glitch, Restores Service
A database migration failure led Paradex to revert its Starknet appchain to block 1604710 to restore accounts.
Overview
- The maintenance-related bug briefly displayed Bitcoin at $0 on Paradex, triggering a liquidation cascade.
- The exchange reverted chain state and canceled all open orders except TPSL to return accounts to their pre-maintenance status.
- Services resumed after roughly eight hours of downtime, with trading restarting around 12:10 UTC.
- Paradex said all user funds are safe, and status updates indicated the chain, block explorer, bridge, and API were impacted.
- CoinGlass tallied over $875 million in 24-hour liquidations, about $234 million tied to Bitcoin, as DeFiLlama showed roughly $641 million in open interest and $37 billion in 30-day volume for the protocol.