Paradex, Starknet’s leading decentralized exchange (DEX), has confirmed a rollback to block 1,604,710 after a data error caused the Bitcoin price to drop to zero on the platform, causing mass liquidations.
A member of the Paradex team posted on Discord on Monday morning that the issue occurred after a database migration and that the chain was rolled back before the migration took place.
“All outstanding orders except TPSL orders will be forcefully canceled,” they added.
The exchange returned online at 12:10 UTC after approximately eight hours of downtime.
After the data error, Starknet’s STRK token fell by 3.6%.