The Price of Bitcoin on the Paradex Exchange Fell to Zero

• On Paradex, the bitcoin price briefly dropped to zero, triggering mass liquidations.
• The glitch occurred on the morning of January 19.
• The team rolled back the protocol.

On January 19, 2026, the price of bitcoin on the Paradex decentralized exchange in the Starknet ecosystem dropped to zero, sparking a wave of liquidations. The team decided to roll back the protocol to the point before the incident. 

According to the official website, the glitch occurred at 07:36 GMT+2. At 14:15 GMT+2, the platform resumed operations. The team’s statement says the protocol was rolled back to block 1,604,710. All open orders were forcibly closed, except for TPSL. 

The number of people hit by forced liquidations, as well as the total losses at the time of writing, is unknown. Moreover, the incident is not mentioned on the exchange’s official X (formerly Twitter) page. 

At the same time, according to DeFiLlama, the platform’s daily trading volume in perpetual futures contracts stands at $1.6 billion. 

The situation drew criticism toward the exchange and its team. Some users pointed out that the project violated the blockchain immutability principle and called for sabotaging its operations by withdrawing assets.