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The price of Bitcoin fell slightly to zero on the Paradex platform in the morning on Sunday morning after a technical failure in the maintenance that led to the loss of many people on the Perpetual Futures exchange, forcing the group to announce a rare return on the blockchain to reverse the damage.
The accident happened recently Resurrection Paradex performed a stock repair at approximately 4:30 am London time.
Within minutes, traders began reporting that prices in several futures markets, including Bitcoin, Ethereum, and Solana, had fallen to near zero.
Well, when I posted the picture, I thought it was a UI bug.
Then I saw on the computer that the price came back after I went to $0.
Now there are thousands of liquidations.
This doesn’t look good @paradex
https://t.co/m4YbnfHkgN pic.twitter.com/QbKd3U432s
– Sniper ₿ (@sniiperrB) January 19, 2026
showed Photos and videos circulating on social media showed multiple cancellation notices colliding almost simultaneously, indicating that the price or oracle feed was disrupted during the transition.
Time-stamped information shows that the strongest event occurred at 05:02 UTC on 19 January 2026.
Details of the decline of the Paradex series after a major withdrawal
During this short period, long positions in many markets were liquidated at prices quoted as low as $0.00.
Bitcoin long-term contracts saw many positions cleared at zero, while some short positions were closed at market-level prices around $92,600, indicating a problem that affected one side of the ledger.
The sudden change in prices led to the closing of the established positions to avoid negative scales, doubling the losses within seconds.
About three hours after the event. He had an affair The director of Paradex’s Engineering, Clement Ho, told users on Telegram, confirming that the group has identified the problem and will return the chain to block 1,604,710, which was posted at 04:27:54 UTC.
He said the block represents the last known landmark before repairs begin. Paradex later confirmed on its website that the tests are running and that all user funds are safe.
A rollback in this context means rolling back the block chain and the system it is connected to before the wrong transaction, effectively canceling all transactions, reservations, and closures that occurred after the block.
Although users who are wrongfully removed may see their position restored, any profit they made after the pullback point will be removed as well.
These methods are considered a last resort in established systems because they undermine the immutability principle that blockchains are designed to support.
Paradex is restoring its services after the disruption, and warning users of the scam.
Paradex operates on Starknet as a regular futures exchange, and has grown into a major on-chain trading platform.
Data from DefiLlama shows that the platform He fixed it It accounted for approximately $1.6 billion in sales prior to the day, and held approximately $225 million in user deposits.
He said again CoinGecko With about $652 million of open space in the last 24 hours, and over 30 days, Paradex is among the ten most popular platforms for perpetual contracts (Perps), with a turnover of over $37 billion.
After liquidation, I report Paradex reported a platform outage that affects its trading interface, APIs, blockchain tools, bridge, and block explorer.
As part of the crackdown, the stock exchange is said to have forcibly canceled all open orders except take profit and stop loss orders.
I have confirmed The following updates indicate that the platform and withdrawals have resumed, although Gigavault deposits and withdrawals will be suspended for up to 24 hours.
As provided The group issued warnings about fake accounts posing as Paradex employees during the break, and urged users to trust only legitimate channels.
The event has led to a new review of technical risks in blockchain-based markets, which have experienced several disruptions in recent months.
Aster, the largest futures exchange by volume, has been damaged repeatedly after being targeted by modern trading methods, including the high events in September when it followed an unusual increase in the price of its permanent contract, XPL.
A note The price of Bitcoin has reached zero dollars on the platform Paradex after a glitch in the Starknet network – mass liquidations forced to implement refunds. appeared for the first time Cryptonews Arabic.
