BTC Plummets to $0! 😱 Starknet DEX Meltdown Leaves Traders in Tears 🤬 #CryptoCalamity

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In the bleak void of cyberspace, where digital gold once gleamed, a fateful glitch struck Paradex-a Starknet DEX-like a thunderclap. Tuesday’s dance of code faltered, and Bitcoin’s price, with the grace of a falling star, plunged to zero. Panic erupted; liquidations swirled like a tempest, and the platform vanished into the ether for hours, leaving traders clutching their keyboards in existential dread. 🤯

Database Error Triggers Liquidations

A “faulty database migration,” they called it-a bureaucratic snafu during maintenance. But in crypto’s Darwinian realm, such errors are execution orders. Bitcoin’s price, now a ghost of its former self, taunted users with its $0 illusion. The algorithmic beasts roared, devouring positions with the ferocity of a wolf pack. One tweet quipped: “Turns out ‘decentralized’ just means ‘unreliable’ with better marketing. 🐺”

Starknet-based DEX Paradex once saw Bitcoin’s price plunge to $0 today after a faulty database migration caused erroneous pricing data, triggering mass liquidations. The platform rolled back the chain to a pre-error block, force-cancelled most open orders, and resumed trading…

– Wu Blockchain (@WuBlockchain) January 19, 2026

Automated systems, those cold-hearted overlords, liquidated positions faster than a trader could utter “margin call.” Users, initially dismissing it as a UI hiccup, soon realized their portfolios were reduced to digital ash. One sobbed online: “I thought it was a joke! Now my crypto dreams are just… gone. 💀”

Chain Rolled Back to Restore State

Paradex, like a sorcerer reversing time, rolled back the Starknet blockchain to block 1,604,710-a digital Rosetta Stone of stability. Accounts were resurrected, orders axed like traitors in a coup, and trading resumed after an agonizing eight-hour hiatus. User funds? “Safe,” they claimed, though the word rang hollow amid whispers of unspoken losses. 🤑

Paradex remained tight-lipped about the carnage: How many traders perished? What fortunes evaporated? Only the silence of the void answered.

Trading Restrictions and Warnings Issued

During recovery, the platform toggled between “cancel-only” and “post-only” modes, as if playing a game of crypto Jenga. Parts of the exchange lay dormant, while engineers scrambled to stitch the system back together. Meanwhile, scammers lurked, masquerading as support bots to prey on the grieving. One user snarled: “Fake accounts? Of course! Even chaos has parasites. 🐛”

Community Reaction Raises Concerns

The internet roared. Perpetual DEXs, once hailed as the future, now faced a credibility crisis. Rollbacks, they learned, are a decentralization buzzkill. Traders decried the erasure of transaction records as a betrayal of trust. One commenter wrote: “Rollback = rewriting history. Not cool, not decentralized. Just… broken. 🧨”

Okay, when I posted the screenshot, I thought it was a UI bug.

Then I saw on the computer that the price came back after going to $0.

Now there are thousands of liquidations.

This doesn’t look good for @paradex

– Sniper ₿ (@sniiperrB) January 19, 2026

Paradex, ever the corporate tightrope walker, promised updates but offered little solace. The incident, however, etched a warning into crypto’s ledger: In the land of decentralization, even the gods can crash. 🌪️

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2026-01-19 19:49