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🚨 Paradex User Reports Account Lock & $218,922 Loss After Options Pricing Incident
According to ChainCatcher, a trader known as Systemic Strategies claims to have suffered a $218,922 loss after an options-related pricing issue on Paradex.
The user says they noticed abnormally low implied volatility in certain options and initially considered reporting it through a bug-bounty channel. After emailing Paradex, they tested small trades but found that unrealized profits could not be withdrawn, while market makers did not adjust the pricing.
They continued trading normally — but later, Paradex locked the account, forcibly liquidated positions, and ultimately labeled the user an “attacker”, accusing them of violating platform rules.
Although Paradex acknowledged a pricing error, they refused compensation.
#paradex #DeFi #OptionsTrading #CryptoNews #WriteToEarnUpgrade
$FIS
$LAYER
$ACT
According to ChainCatcher, a trader known as Systemic Strategies claims to have suffered a $218,922 loss after an options-related pricing issue on Paradex.
The user says they noticed abnormally low implied volatility in certain options and initially considered reporting it through a bug-bounty channel. After emailing Paradex, they tested small trades but found that unrealized profits could not be withdrawn, while market makers did not adjust the pricing.
They continued trading normally — but later, Paradex locked the account, forcibly liquidated positions, and ultimately labeled the user an “attacker”, accusing them of violating platform rules.
Although Paradex acknowledged a pricing error, they refused compensation.
#paradex #DeFi #OptionsTrading #CryptoNews #WriteToEarnUpgrade
$FIS
$LAYER
$ACT
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Paradex — interacting with the derivatives exchange with an eye on the drop
Paradex is a cryptocurrency derivatives exchange on the StarkNet appchain. It currently offers trading of perpetual futures and plans to expand its range.
#StarkNet #Paradex #airdrop #TradingCommunity
The project was incubated by Paradigm — the largest institutional liquidity network for crypto options, processing $1 billion in daily volume (over $520 billion all time), holding 30% of the global market. This approach to incubation allowed Paradex to operate without venture capital and focus on product development, having access to expertise and resources.
#StarkNet #Paradex #airdrop #TradingCommunity
The project was incubated by Paradigm — the largest institutional liquidity network for crypto options, processing $1 billion in daily volume (over $520 billion all time), holding 30% of the global market. This approach to incubation allowed Paradex to operate without venture capital and focus on product development, having access to expertise and resources.
Layerswap just teamed up with Paradex, a ZK-powered derivatives trading platform!
Users can now easily move $USDC funds between Layerswap and Paradex for smooth trading.
#Layerswap #paradex #BTC_Bounce_Back_to_57k #SOFR_Spike #BinanceTurns7
Users can now easily move $USDC funds between Layerswap and Paradex for smooth trading.
#Layerswap #paradex #BTC_Bounce_Back_to_57k #SOFR_Spike #BinanceTurns7
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