If someone managed to buy at this moment of the bug, they must be rich now!!

🚨CRITICAL BUG! Bitcoin Drops to Zero on Decentralized Exchange Paradex and Liquidates Several Traders 🚨*

Bitcoin experienced a sharp drop to zero on the decentralized exchange Paradex, causing mass liquidations and leaving several traders in panic. The Paradex team confirmed that the issue was caused by a database migration bug and that user funds are secure.

*What happened?*

- During a routine database maintenance, a critical bug caused the price of Bitcoin to fall to zero on Paradex
- Several traders were liquidated due to the bug, resulting in significant losses
- The Paradex team acted quickly and performed a chain rollback to restore account balances to the state prior to the incident
- User funds are secure, but some trades and positions were affected

*Updates:*

- Paradex warned about fake support accounts impersonating the real team
- The team is working to restore normal operations
- There is no formal compensation plan for affected users.

Remember to always check Paradex's official updates and be cautious of scams!
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