paradex
1,253 views
27 Discussing
Hot
Latest
$650,000 returned! Who says DeFi isn't accountable?
Paradex confirmed a nasty maintenance bug wrongfully liquidated 200 users during a recent upgrade. They quickly halted ops, fixed the error, and issued a full $650K refund.
While the incident highlights the fragility of core systems, prompt action and full restitution set a critical precedent. We are seeing major protocols mature, prioritizing user protection over reputation management.
BULLISH on accountability and transparency becoming the new standard.
#DeFi #CryptoNews #Paradex #Web3Trust #USIranMarketImpact
$BTC $ETH $BNB
While the incident highlights the fragility of core systems, prompt action and full restitution set a critical precedent. We are seeing major protocols mature, prioritizing user protection over reputation management.
BULLISH on accountability and transparency becoming the new standard.
#DeFi #CryptoNews #Paradex #Web3Trust #USIranMarketImpact
$BTC $ETH $BNB
Paradex to Refund $650,000 After Maintenance Glitch Triggers Liquidations
Paradex has announced a $650,000 refund to around 200 users after a technical failure during a routine maintenance window caused unexpected liquidations across multiple markets. The incident occurred during a scheduled 30-minute database upgrade on January 19, when an unforeseen system issue disrupted critical data operations.
During the maintenance process, a race condition led to corrupted data being saved and propagated on-chain. Several market funding indices were incorrectly reset to zero, distorting profit-and-loss calculations and triggering forced liquidations for affected traders.
Paradex responded by temporarily suspending platform access, canceling all open orders except existing take-profit and stop-loss orders, and rolling back the blockchain to a snapshot taken before the maintenance window. This restored the system to a state prior to the faulty data publication.
The platform stated that the refund is intended to fully compensate users for losses directly caused by the system error. While the service has experienced brief maintenance-related downtime in the past, this incident was more severe due to its direct impact on user positions.
The event underscores the risks of live system upgrades in high-leverage trading environments, where brief data inconsistencies can cascade into large liquidation events, and highlights the need for stronger safeguards and fail-safes in on-chain trading infrastructure.
$BTC | $ETH
#Paradex #CryptoInfrastructure #TradingRisk #DeFiSafety
Follow RJCryptoX for real-time alerts.
During the maintenance process, a race condition led to corrupted data being saved and propagated on-chain. Several market funding indices were incorrectly reset to zero, distorting profit-and-loss calculations and triggering forced liquidations for affected traders.
Paradex responded by temporarily suspending platform access, canceling all open orders except existing take-profit and stop-loss orders, and rolling back the blockchain to a snapshot taken before the maintenance window. This restored the system to a state prior to the faulty data publication.
The platform stated that the refund is intended to fully compensate users for losses directly caused by the system error. While the service has experienced brief maintenance-related downtime in the past, this incident was more severe due to its direct impact on user positions.
The event underscores the risks of live system upgrades in high-leverage trading environments, where brief data inconsistencies can cascade into large liquidation events, and highlights the need for stronger safeguards and fail-safes in on-chain trading infrastructure.
$BTC | $ETH
#Paradex #CryptoInfrastructure #TradingRisk #DeFiSafety
Follow RJCryptoX for real-time alerts.
TOP PERPETUAL DEXES BY WEEKLY TRADING VOLUME
#Hyperliquid #Aster #Lighter #edgeX #Paradex #Grvt #Variational #Extended #ApeX #Pacifica #Reya #Nado #tradeXYZ #Avantis #Jupiter
#Hyperliquid #Aster #Lighter #edgeX #Paradex #Grvt #Variational #Extended #ApeX #Pacifica #Reya #Nado #tradeXYZ #Avantis #Jupiter
🚨Market Incident Analysis: Paradex DEX System Outage
A temporary system outage on the Paradex DEX caused Bitcoin’s price to briefly display at $0 on the platform, leading to forced liquidations across affected perpetual contracts.
Key points:
The incident was platform-specific and did not reflect the global BTC market price.
Preliminary findings indicate the issue was linked to a database migration error, impacting pricing feeds and the PERP trading system.
Other components of the Paradex ecosystem (API, explorer, bridge) were also affected during the outage.
Once the system was restored, prices normalized, but liquidation damage had already occurred.
Important takeaway:
This event highlights the operational risks of derivatives trading, especially on platforms where price feeds, liquidation engines, and leverage are tightly coupled.
Lessons for traders:
Always consider platform risk, not just market risk
Use conservative leverage
Avoid relying on a single venue for price discovery
Understand that “decentralized” does not mean immune to technical failures
Bitcoin remained stable across the broader market.
The failure was infrastructure-related, not fundamental.
#paradex #BTC
A temporary system outage on the Paradex DEX caused Bitcoin’s price to briefly display at $0 on the platform, leading to forced liquidations across affected perpetual contracts.
Key points:
The incident was platform-specific and did not reflect the global BTC market price.
Preliminary findings indicate the issue was linked to a database migration error, impacting pricing feeds and the PERP trading system.
Other components of the Paradex ecosystem (API, explorer, bridge) were also affected during the outage.
Once the system was restored, prices normalized, but liquidation damage had already occurred.
Important takeaway:
This event highlights the operational risks of derivatives trading, especially on platforms where price feeds, liquidation engines, and leverage are tightly coupled.
Lessons for traders:
Always consider platform risk, not just market risk
Use conservative leverage
Avoid relying on a single venue for price discovery
Understand that “decentralized” does not mean immune to technical failures
Bitcoin remained stable across the broader market.
The failure was infrastructure-related, not fundamental.
#paradex #BTC
A glitch on the lesser-known Paradex exchange caused Bitcoin to momentarily crash to $0, forcing the platform to execute a rollback.
The incident underscores major technical and liquidity risks on smaller exchanges, where thin order books and system failures can trigger cascade liquidations and real user losses.
Why it matters:
Low liquidity amplifies errors into extreme price moves
Auto-liquidation systems don’t care if the price is “wrong”
Rollbacks don’t always restore user trust—or funds
This is a stark warning for traders to prioritize reputable exchanges with proven infrastructure and deep liquidity to reduce operational risk and protect capital.
#paradex #bitcoin
The incident underscores major technical and liquidity risks on smaller exchanges, where thin order books and system failures can trigger cascade liquidations and real user losses.
Why it matters:
Low liquidity amplifies errors into extreme price moves
Auto-liquidation systems don’t care if the price is “wrong”
Rollbacks don’t always restore user trust—or funds
This is a stark warning for traders to prioritize reputable exchanges with proven infrastructure and deep liquidity to reduce operational risk and protect capital.
#paradex #bitcoin
$BTC Bitcoin briefly displayed as $0 on Paradex, a Starknet-based perps platform, while actual market price held steady near $92,600. What happened wasn't a collapse — it was an oracle or data feed malfunction isolated to that exchange. But the consequences were real: traders got liquidated based on phantom pricing that never reflected broader reality.
This kind of event exposes something uncomfortable. Most traders assume price feeds are bulletproof, but they're just infrastructure — and infrastructure breaks. When you're trading derivatives on a platform with its own data layer, you're not just taking market risk. You're also trusting that their systems won't glitch in ways that vaporize your position while everyone else trades normally.
What stands out here isn't the technical failure itself, but how isolated it was and how brutally it still punished users.
#bitcoin #paradex #cryptotrading #Liquidations #STARKNET
This kind of event exposes something uncomfortable. Most traders assume price feeds are bulletproof, but they're just infrastructure — and infrastructure breaks. When you're trading derivatives on a platform with its own data layer, you're not just taking market risk. You're also trusting that their systems won't glitch in ways that vaporize your position while everyone else trades normally.
What stands out here isn't the technical failure itself, but how isolated it was and how brutally it still punished users.
#bitcoin #paradex #cryptotrading #Liquidations #STARKNET
PARADEX ROLLBACK SHOCKER! $BTC DUMPED TO ZERO!
A critical software bug has plunged $BTC to $0G on Paradex, triggering mass liquidations. The exchange is now executing a centralized rollback to reverse unfair liquidations. This is a major blow to decentralized finance claims. While all user funds are confirmed safe, trading is suspended indefinitely. The platform was averaging over $1 billion in daily volume. This incident questions the true decentralization of DeFi.
Disclaimer: This is not financial advice.
#DeFi #Crypto #Bitcoin #Paradex 🚨
A critical software bug has plunged $BTC to $0G on Paradex, triggering mass liquidations. The exchange is now executing a centralized rollback to reverse unfair liquidations. This is a major blow to decentralized finance claims. While all user funds are confirmed safe, trading is suspended indefinitely. The platform was averaging over $1 billion in daily volume. This incident questions the true decentralization of DeFi.
Disclaimer: This is not financial advice.
#DeFi #Crypto #Bitcoin #Paradex 🚨
🚨 Paradex rolled back its blockchain after a technical glitch caused mass liquidations.
Paradex, a decentralized perpetual futures exchange, confirmed it rolled back its application-specific blockchain to a prior state following a technical glitch that caused Bitcoin's price to erroneously drop to $0 on the platform, triggering mass liquidations. The exchange has since resumed trading, assuring users that all funds are safe.
📍Incident Overview
▪︎ Cause: The glitch stemmed from a faulty database migration during scheduled maintenance on January 19, 2026.
I▪︎ mpact: The error caused incorrect pricing data, leading to a cascade of automated liquidations as trading algorithms reacted to the zero price feed.
▪︎ Response: Paradex halted services for approximately eight hours and rolled back the chain state to block 1,604,710, which was the last known correct state before the maintenance began. This action effectively reversed all trades and liquidations that occurred during the outage.
▪︎ Mitigation: All open orders were force-canceled, except for take-profit/stop-loss (TPSL) orders, as part of the recovery process.
🔻Key Insights
▪︎ User funds are reportedly safe, and accounts were restored to their status prior to the maintenance.
▪︎ The incident has rekindled debate within the crypto community regarding the use of blockchain rollbacks, a controversial measure that challenges the core principle of blockchain immutability.
▪︎ The native Starknet token (STRK) saw its price fall by approximately 3.6% in the aftermath of the incident, reflecting broader ecosystem concerns.
▪︎ Paradex, which operates as a layer-2 application chain on Starknet, is a significant player in the perpetual DEX market, with over $37 billion in 30-day trading volume.
#paradex #BTCfall #massliquidation #BTC #solana $ETH $SOL $BTC
📍Incident Overview
▪︎ Cause: The glitch stemmed from a faulty database migration during scheduled maintenance on January 19, 2026.
I▪︎ mpact: The error caused incorrect pricing data, leading to a cascade of automated liquidations as trading algorithms reacted to the zero price feed.
▪︎ Response: Paradex halted services for approximately eight hours and rolled back the chain state to block 1,604,710, which was the last known correct state before the maintenance began. This action effectively reversed all trades and liquidations that occurred during the outage.
▪︎ Mitigation: All open orders were force-canceled, except for take-profit/stop-loss (TPSL) orders, as part of the recovery process.
🔻Key Insights
▪︎ User funds are reportedly safe, and accounts were restored to their status prior to the maintenance.
▪︎ The incident has rekindled debate within the crypto community regarding the use of blockchain rollbacks, a controversial measure that challenges the core principle of blockchain immutability.
▪︎ The native Starknet token (STRK) saw its price fall by approximately 3.6% in the aftermath of the incident, reflecting broader ecosystem concerns.
▪︎ Paradex, which operates as a layer-2 application chain on Starknet, is a significant player in the perpetual DEX market, with over $37 billion in 30-day trading volume.
#paradex #BTCfall #massliquidation #BTC #solana $ETH $SOL $BTC
137·First Block 🍺 1 - 20
24H Highlights | Market Snapshot
1、Bermuda government announced partnerships with #Coinbase and #Circle to advance a “fully on-chain” national economic framework.
2、NYSE revealed plans to develop a tokenized stocks and ETF trading platform, targeting 24/7 trading and settlement..
3、Spot gold and silver hit record highs at the open: Silver reached a new all-time high, while gains in gold further accelerated.
4、Japan’s 40-year government bond yield surpassed 4% for the first time since its introduction in 2007.
5、CME FedWatch: The probability of the Fed keeping interest rates unchanged in January stands at 95%.
6、#Paradex perpetuals exchange outage: BTC price briefly crashed to “USD 0,” triggering cascading liquidations and requiring an on-chain rollback.
7、German think tank study: Approximately 96% of U.S. tariff costs are ultimately borne by domestic consumers and importers.
8、#BSC meme token “1” briefly reached a market cap above USD 17 million, marking an all-time high, before pulling back to around USD 15 million.
24H Highlights | Market Snapshot
1、Bermuda government announced partnerships with #Coinbase and #Circle to advance a “fully on-chain” national economic framework.
2、NYSE revealed plans to develop a tokenized stocks and ETF trading platform, targeting 24/7 trading and settlement..
3、Spot gold and silver hit record highs at the open: Silver reached a new all-time high, while gains in gold further accelerated.
4、Japan’s 40-year government bond yield surpassed 4% for the first time since its introduction in 2007.
5、CME FedWatch: The probability of the Fed keeping interest rates unchanged in January stands at 95%.
6、#Paradex perpetuals exchange outage: BTC price briefly crashed to “USD 0,” triggering cascading liquidations and requiring an on-chain rollback.
7、German think tank study: Approximately 96% of U.S. tariff costs are ultimately borne by domestic consumers and importers.
8、#BSC meme token “1” briefly reached a market cap above USD 17 million, marking an all-time high, before pulling back to around USD 15 million.
🚨 STARKNET DEFI CHAOS! PARADEX ROCKS THE CHAIN 🚨
Major rollback confirmed on Paradex after database maintenance failed. They rolled back to block 1,604,710. This is a huge stability check for Starknet services right now.
$BTC and $ETH markets holding steady despite the Starknet hiccup. Services are stabilizing post-fix deployment. Keep eyes peeled on $BNB action.
#Starknet #DeFiHack #CryptoNews #Paradex 📉
Major rollback confirmed on Paradex after database maintenance failed. They rolled back to block 1,604,710. This is a huge stability check for Starknet services right now.
$BTC and $ETH markets holding steady despite the Starknet hiccup. Services are stabilizing post-fix deployment. Keep eyes peeled on $BNB action.
#Starknet #DeFiHack #CryptoNews #Paradex 📉
🚨 Breaking News: A technical disaster forces the Paradex platform to permanently shut down its blockchain! 📉
A critical error in the database caused a momentary crash of the price $BTC to 0 dollars on the platform, leading to a terrifying wave of mass liquidations for traders. Engineers intervened and halted trading, but the decision was made to cancel the blockchain.
#Bitcoin #crypto #Paradex #crash #CryptoNews
A critical error in the database caused a momentary crash of the price $BTC to 0 dollars on the platform, leading to a terrifying wave of mass liquidations for traders. Engineers intervened and halted trading, but the decision was made to cancel the blockchain.
#Bitcoin #crypto #Paradex #crash #CryptoNews
#bitcoin fell to $0
An error during the migration of the database on exchange #Paradex led to the price #BTC briefly falling to $0 on the platform.
This caused mass liquidations of exchange users. The amount of losses is not disclosed.
The Paradex team decided to roll back the state of their protocol to the block recorded just before the start of the technical work.
$BTC
$BNB
$SOL
#MarketRebound #WriteToEarnUpgrade
An error during the migration of the database on exchange #Paradex led to the price #BTC briefly falling to $0 on the platform.
This caused mass liquidations of exchange users. The amount of losses is not disclosed.
The Paradex team decided to roll back the state of their protocol to the block recorded just before the start of the technical work.
$BTC
$BNB
$SOL
#MarketRebound #WriteToEarnUpgrade
$BTC DEFI’S “CTRL+Z” MOMENT: PARADEX ROLLS BACK THE CHAIN
Imagine waking up to see your entire portfolio liquidated because a glitch sent asset prices to zero. Now, imagine the exchange simply "rewinding time" to fix it. This isn't a hypothetical scenario, it is exactly what just happened on Paradex.
The Glitch That Wiped the Board
During routine maintenance at 4:27 UTC, a catastrophic system failure caused asset prices on the decentralized perpetual exchange to flash to $0. The result? The liquidation engine triggered instantly, wiping out thousands of positions in seconds.
With over $652 million in open interest and $1.6 billion in trade volume the day prior, the scale of the error was massive.
The Controversial Fix: Breaking the Code?
To save user funds, Paradex did the unthinkable in the world of blockchain: they executed a chain rollback. By reverting the network state to block 1604710 (the last known correct state), they effectively erased the crash.
While Paradex confirmed that "all user funds remain secure," this move has ignited a fierce philosophical debate in the crypto community.
Safety vs. Immutability
This incident exposes the central tension in modern DeFi infrastructure:
The Pragmatic View: The team acted swiftly to protect users from a technical bug. No one lost money, and the system was restored.The Purist View: Blockchain is built on immutability. If a centralized team can unilaterally "undo" transactions and restrict block explorer access, does it still qualify as decentralized?
The Bottom Line
Paradex saved the money, but they may have spent their reputation. As institutions look to move on-chain, incidents like this highlight the severe operational risks that still plague decentralized derivatives markets.
Is the ability to "rewind" a crash a safety feature, or does it defeat the purpose of crypto? 👀
#DeFi #Paradex
The Glitch That Wiped the Board
During routine maintenance at 4:27 UTC, a catastrophic system failure caused asset prices on the decentralized perpetual exchange to flash to $0. The result? The liquidation engine triggered instantly, wiping out thousands of positions in seconds.
With over $652 million in open interest and $1.6 billion in trade volume the day prior, the scale of the error was massive.
The Controversial Fix: Breaking the Code?
To save user funds, Paradex did the unthinkable in the world of blockchain: they executed a chain rollback. By reverting the network state to block 1604710 (the last known correct state), they effectively erased the crash.
While Paradex confirmed that "all user funds remain secure," this move has ignited a fierce philosophical debate in the crypto community.
Safety vs. Immutability
This incident exposes the central tension in modern DeFi infrastructure:
The Pragmatic View: The team acted swiftly to protect users from a technical bug. No one lost money, and the system was restored.The Purist View: Blockchain is built on immutability. If a centralized team can unilaterally "undo" transactions and restrict block explorer access, does it still qualify as decentralized?
The Bottom Line
Paradex saved the money, but they may have spent their reputation. As institutions look to move on-chain, incidents like this highlight the severe operational risks that still plague decentralized derivatives markets.
Is the ability to "rewind" a crash a safety feature, or does it defeat the purpose of crypto? 👀
#DeFi #Paradex
When the reins of power in the White House slip away: Trump's second year of global turbulence and market undercurrents
The time has come to the one-year mark of Trump's return to the White House. The president's second term has entered its second year, with his governing style becoming increasingly distinct: domestic rifts deepened by radical policies, persistent high inflation, and the declaration that he is 'only bound by his own moral standards' has left the outside world filled with concerns about his next moves.
Over the past year, a series of policy blitzes have unfolded. The federal crackdown on illegal immigrants in Minnesota has become more aggressive; a bold military raid directly targeted Venezuelan President Maduro; the old issue of purchasing Greenland has resurfaced; there are threats of bombing Iran; and economic concerns have arisen from the criminal investigation into Federal Reserve Chair Powell, who responded with just three words: 'I don't care.'
Over the past year, a series of policy blitzes have unfolded. The federal crackdown on illegal immigrants in Minnesota has become more aggressive; a bold military raid directly targeted Venezuelan President Maduro; the old issue of purchasing Greenland has resurfaced; there are threats of bombing Iran; and economic concerns have arisen from the criminal investigation into Federal Reserve Chair Powell, who responded with just three words: 'I don't care.'
137 · Market Trends ✨1 - 20
Review of 24H Hotspots - Market Overview
1. The Bermuda government announces cooperation with Coinbase and #Circle to promote a 'fully on-chain' national economy;
2. NYSE discloses/advances plans for a trading platform for tokenized stocks and ETFs, aiming for 7×24 hours trading and settlement;
3. Spot #白银 hits a new high: approximately $94.58 to $94.68 per ounce, with a daily increase of about 5%;
4. The 40-year Japanese government bond yield breaks 4% for the first time since its introduction in 2007;
5. CME 'Federal Reserve Watch': 95% probability of maintaining interest rates unchanged in January;
6. #Paradex perpetual contract exchange failure: BTC price briefly 'plummets to $0' triggering a chain liquidation, followed by a need for chain rollback;
7. A German think tank study claims that about 96% of the tariff costs in the U.S. are borne by domestic consumers and importers;
8. #BSC on-chain meme coin '1' briefly surpasses a market cap of $17 million, setting a historical high, later reporting approximately $15 million.
Review of 24H Hotspots - Market Overview
1. The Bermuda government announces cooperation with Coinbase and #Circle to promote a 'fully on-chain' national economy;
2. NYSE discloses/advances plans for a trading platform for tokenized stocks and ETFs, aiming for 7×24 hours trading and settlement;
3. Spot #白银 hits a new high: approximately $94.58 to $94.68 per ounce, with a daily increase of about 5%;
4. The 40-year Japanese government bond yield breaks 4% for the first time since its introduction in 2007;
5. CME 'Federal Reserve Watch': 95% probability of maintaining interest rates unchanged in January;
6. #Paradex perpetual contract exchange failure: BTC price briefly 'plummets to $0' triggering a chain liquidation, followed by a need for chain rollback;
7. A German think tank study claims that about 96% of the tariff costs in the U.S. are borne by domestic consumers and importers;
8. #BSC on-chain meme coin '1' briefly surpasses a market cap of $17 million, setting a historical high, later reporting approximately $15 million.
Paradex exchange Bitcoin price hits zero: What happened? 📉
On the morning of January 19, traders on the Paradex platform experienced a terrifying moment. Due to a technical failure, the BTC price瞬间跌至零，引发了大规模的强制平仓（爆仓）。
Core points:
Failure occurred: Abnormal fluctuations happened in the morning, causing chaos in the trading system. Official response: The Paradex team intervened quickly and decided to roll back the protocol to revoke the abnormal trades caused by the error. Current status: The team is currently dealing with the subsequent impact.
This incident reminds us once again that even on large platforms, liquidity risks and system vulnerabilities still exist.
Please be sure to pay attention to risk management and protect your assets! 🛡️ #Paradex #Bitcoin #BTC #CryptoNew s
#Liquidation
On the morning of January 19, traders on the Paradex platform experienced a terrifying moment. Due to a technical failure, the BTC price瞬间跌至零，引发了大规模的强制平仓（爆仓）。
Core points:
Failure occurred: Abnormal fluctuations happened in the morning, causing chaos in the trading system. Official response: The Paradex team intervened quickly and decided to roll back the protocol to revoke the abnormal trades caused by the error. Current status: The team is currently dealing with the subsequent impact.
This incident reminds us once again that even on large platforms, liquidity risks and system vulnerabilities still exist.
Please be sure to pay attention to risk management and protect your assets! 🛡️ #Paradex #Bitcoin #BTC #CryptoNew s
#Liquidation
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.
Login to explore more contents