Bitcoin Price Briefly Crashes to Zero on Paradex Exchange Due to Glitch
The price of Bitcoin experienced a flash crash to $0 on the Paradex perpetuals exchange, according to reports. The sudden drop triggered a large-scale liquidation event. The development necessitated a chain rollback to address the issues caused by the glitch and subsequent liquidations. The incident highlights the potential volatility and technical risks associated with cryptocurrency trading platforms and the importance of robust system safeguards.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.