2026-01-20 05:33:00

Starknet ecosystem hits another snag. A major DEX platform Paradex experienced a maintenance error, causing BTC prices to suddenly plummet to $0 in an extreme market event within just 8 hours, triggering a chain reaction. Many positions faced lightning liquidations, the market was in chaos, and the platform was ultimately forced to roll back data and temporarily go offline.

This incident has infuriated many industry insiders. Key opinion leaders (KOLs) directly stated that this is a typical shortcoming of DeFi operational capabilities and once again exposed the security vulnerabilities of decentralized finance. Although no substantial funds were lost in the end (the platform compensated afterward), the public backlash was significant, and the market has begun to reassess how deep the on-chain risks really are.

Under emotional pressure, BTC and ETH experienced slight corrections. But more painfully, DeFi-related tokens showed increased volatility—tokens like LDO and AAVE, which are leaders in liquidity mining and lending, performed especially unstable. Conversely, some voices suggest that security audits and risk control infrastructure might usher in a new round of funding attention, as these incidents could be better mitigated with more robust protective solutions.

BTC-1.9%

ETH-3.25%

LDO-1.2%

AAVE-1.56%

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SlowLearnerWang

· 5h ago

It's the same old story. Only remember to do an audit after something goes wrong? Why didn't you do it earlier?

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ConfusedWhale

· 5h ago

Operational mistake caused BTC to go to zero, this is really incredible haha Another nightmare in operations and maintenance, when will DeFi become reliable again Paradex's move this time, no wonder everyone is moving to CeFi Basically, it's the cost of decentralization, a platform where no one takes responsibility Auditing and risk control are really taking off, after this incident, capital should wake up

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BlockchainWorker

· 5h ago

Laughing out loud, BTC price directly drops to zero? This is what you call decentralized freedom. --- Paradex's move this time is truly disappointing; creating such a mess in 8 hours. --- It's another operational mistake. DeFi really needs to reflect and improve. --- I just want to know who got liquidated in this round of liquidations; the losses are really tragic. --- No wonder my position suddenly disappeared; so that's what happened. --- Is the security audit sector about to take off? I think we should wait a bit longer. --- DeFi security is always the last thing to be prioritized. Now I understand. --- That's why I only play on big platforms like Uniswap—it's worry-free. --- Starknet ecosystem keeps having issues every day; I really don't understand what it's useful for. --- The most outrageous thing is that the platform made up for it afterward. So who is responsible for my losses? --- DeFi operational capabilities are this level? Yet they still dare to say they want to revolutionize finance. --- Have you experienced the joy of buying BTC for zero yuan? --- Anyway, I'm scared. Next time I encounter DeFi, I'll be a dog.

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YieldWhisperer

· 5h ago

btc hitting $0 is just... *chef's kiss* the ultimate grid trader's wet dream, ngl. but yeah, paradex really said "let's speedrun the 2021 exploits playbook" 💀 actually the math doesn't check out on their "no real losses" claim tho... liquidation cascades don't just vanish. someone ate that slippage

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RadioShackKnight

· 5h ago

This is just another day in Starknet. Every time, there has to be some trick to feel comfortable. Operational mistakes lead to a zero-cost price—truly a masterstroke. Paradex's rollback this time could be a lifesaver, but once reputation is gone, it can't be regained. DeFi operations really should learn from how CeFi is managed. Why do some people still dare to go all-in on lightning liquidations? It seems the security audit track is about to heat up, with another wave of capital inflow. If this continues, will ordinary people still dare to engage in on-chain leverage? BTC and ETH are just casualties; no wonder retail investors are scared. LDO has fallen so much—has anyone been buying the dip? Wait, isn't this another shorting opportunity?

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