🩸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.
Shortly thereafter, Paradex force-cancelled all remaining open orders, and around 5:00 a.m. ET it confirmed that all user funds were safe as its recovery process was ongoing.
“Recovery efforts are ongoing. We can confirm that all user funds are SAFU,” a post on the status page at 5:16 a.m. ET reads.
All Paradex services are now operational, according to an update on the status page.
The exchange’s price glitch followed a volatile period of trading for BTC, which dropped from more than $95,000 to $92,284 just after 7:00 p.m. on Sunday. The 2% drop in the last 24 hours has eaten into the top crypto asset’s weekly gain, which now stands at 1.4% with BTC recently changing hands at $93,318.
