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🎉 Gate 2025 Gala | Year-End Selection
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A major glitch struck a leading perpetual futures platform when Bitcoin's price crashed to $0, triggering a devastating liquidation cascade across leveraged positions. The incident forced the protocol to execute an emergency chain rollback to contain the damage. This kind of flash crash and subsequent system failure raises critical questions about oracle reliability, risk circuit breakers, and how decentralized exchanges manage extreme market conditions without traditional circuit-breaker mechanisms.