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Paradex Recovers from Chain Rollback Incident with $650K User Refunds

Paradex Recovers from Chain Rollback Incident with $650K User Refunds

Author:

Global Cryptocurrency

Published:

2026-01-24 11:31:01

18

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BTCCSquare news:

Paradex executed a full chain rollback after a maintenance bug during a database upgrade triggered erroneous liquidations, affecting 200 users. The platform confirmed the January 19 incident was operational—not a security breach—and refunded $650,000.

A race condition during the 30-minute maintenance window reset funding indices to zero, distorting P&L calculations. Paradex prioritized restoring a pre-maintenance snapshot over targeted fixes due to widespread market impact.

The derivatives platform, which enables Leveraged trading without centralized custody, emphasized its commitment to on-chain integrity. The post-mortem underscores the challenges of scaling decentralized infrastructure under real-time trading pressures.

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