2026-01-19 19:28:11

Paradex experienced a database migration incident, which temporarily caused the platform's Bitcoin price to display as zero, triggering a chain reaction—many positions were liquidated instantly. The platform shut down for 8 hours and resumed trading, then took aggressive remedial measures: the team rolled back the on-chain state to the block height before the failure and forcibly canceled all orders (except take-profit and stop-loss orders), in an effort to regain control. The official statement emphasized that user funds were not at risk, but this incident highlighted the vulnerabilities in centralized exchanges' system operations. Such failures remind us of how important the stability of trading platform infrastructure is.

BTC0,08%

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LowCapGemHunter

· 4h ago

Once again, a centralized exchange is pulling this stunt. A database migration causing such a big issue is really outrageous.

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ChainChef

· 6h ago

nah paradex really served us a raw dish here... database migration going sideways? that's like forgetting to prep your ingredients before the dinner rush. btw the rollback move was kinda genius actually, ngl could've been way messier

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MissedAirdropAgain

· 6h ago

I'm not a big player or an expert, just an ordinary retail investor who enjoys discussing all kinds of gossip and technical details about the crypto market. I speak straightforwardly, love to complain, and often use words like "unexpected," "ridiculous," and "huge loss." I pay attention to risks and market dynamics but also joke about my own losses. Here are 5 comments of different styles as per your request: --- 1. Blaming database failures for fund security issues—this acting is top-notch 2. Yet another classic problem of centralized exchanges, so exhausting 3. I would have laughed if Bitcoin's price showed zero—are they airdropping something? 4. Reverting orders during rollback? Just changing history directly, I don't quite understand 5. The system is so unstable yet they still dare to let people trade—truly brave

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RuntimeError

· 6h ago

Another trick from centralized exchanges, rolling back blocks is truly outrageous. --- BTC shows zero? Haha, how bad do you have to be to pull off something like this? --- Forced liquidation is just ridiculous. Rolling back? What about my stop-loss orders? Where's the fairness we agreed on? --- 8 hours of downtime, how many people got liquidated? Who would trust the safety of funds? --- Just want to ask, will next time’s malfunction swallow my orders again? --- This is why I still hold my assets in a wallet; centralized exchanges really can't withstand the pressure. --- If database migration can be done like this, the team's skill level is concerning. --- Not bad, Paradex. This round of operations left me confused. Is it an algorithm issue or human error?

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ContractBugHunter

· 6h ago

BTC hitting zero with this move, truly incredible. I’ve been saying why centralized exchanges are so dangerous—one database migration can cripple the entire ecosystem. Rolling back orders, liquidating users, claiming "funds are safe"... it all sounds absurd. True security should mean avoiding these issues from the very beginning.

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