Traded in the range of $93,200 on major exchanges, Bitcoin dropped to zero on a little-known decentralized exchange. On social media, the developers announced a 'rollback', reverting the system to a state prior to the failure.

User reports show that several traders were liquidated on the platform due to the bug.

Updates about the failure on the decentralized exchange Paradex were published on its official Discord. About an hour after the investigations began, the developers came up with a solution.

"We identified the problem and will roll back the state of the chain to block 1604710 (04:27:54 UTC)."

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"This is the moment before the database maintenance and is the last known state as correct. All accounts will be restored to the state prior to the database maintenance. We will provide more updates as we continue with the rollback," points out the announcement shared by a user.