Replace the power cord immediately! And use a proper three-prong cord.
The pinch in the cord strain-relief may have probably connected one side of the power line directly to the amp chassis. When you pick up your bass, it is as if you have your finger in one slot of the outlet!
You can be electrocuted. Do not use the amp till the cord is replaced.
This was the reason for the third-prong ground pin. Had that pin been present, the short circuit would have immediately tripped the outlet's circuit breaker. That can literally save your life.
If possible, replace the existing strain relief with a standard IEC power connector, like the ones on computers. This allows the use of standard power cords, and it solves the problem of the cord pulling on the strain relief. This job should be done by a tech, who may have to drill the back panel to install the connector.
Note: I have installed an IEC female connector onto a Walter Woods amp for exactly the same failure. The original cord was damaged. I used a female IEC from a computer monitor, and just let it hang out a few inches from the back of the amp. (There was no room for a connector on the chassis.)