Paradex Network Down as Maintenance Error Sparks Emergency Rollback

TLDR

• Paradex rolled back its chain after a maintenance error disrupted balances
• Network outage forced Paradex to reverse trades and liquidations
• Paradex halted services as engineers restored the chain to a safe block
• Maintenance glitch triggers rollback and sparks user backlash on Paradex
• Paradex restores network state after critical appchain maintenance failure

Paradex faced a major disruption today after a maintenance error forced a network rollback to protect platform balances. The exchange halted several services and reverted its chain state to the last confirmed block. The incident placed Paradex under heightened scrutiny as users awaited full service restoration.

Paradex Rolls Back Chain After Critical Maintenance Failure

Paradex initiated the rollback because a database maintenance issue corrupted multiple components across its appchain system. The team restored the network to block height 1604710 to ensure correct account states. The rollback reversed trades, liquidations and funding events recorded during the affected period.

The exchange confirmed that UI, API, blockchain, bridge and RPC services remained offline during recovery. Engineers continued restoring each component while emphasizing that user funds remained intact. Yet the forced cancellation of most open orders increased user concerns across the community.

Many users complained about missed trading opportunities and unexpected liquidations during the outage. Others argued the outage highlighted operational risks faced by young high-performance rollups. Paradex maintained that the rollback offered the fastest path to normal operations.

Community Reaction Builds as Paradex Pushes Recovery Forward

The decision to roll back the chain drew mixed reactions across social platforms. Some users demanded compensation for losses caused by the temporary mispricing event. Others questioned the reliability of Paradex after observing such a severe disruption.

The rollback moved forward despite some resistance from stakeholders and users. The team argued that maintenance-related issues justified the action because the rollback prevented long-term account discrepancies. The incident differed from exploit-driven failures seen on other networks.

The outage followed an earlier pricing glitch that briefly displayed bitcoin at zero on the platform. The sudden price swing triggered widespread liquidations before normal pricing returned. Paradex acknowledged the error and linked it to the broader maintenance failure.

Operational Background and Context Behind Paradex’s Position

Paradex operates as a decentralized perpetual futures exchange built on Starknet. The project offers non-custodial trading and relies on its dedicated appchain for performance. However, the incident exposed weaknesses that appear during maintenance on emerging networks.

The team behind Paradex includes contributors previously affected by the FTX collapse. They rebuilt operations while positioning Paradex as a potential opportunity hub for impacted users. Yet today’s outage illustrated ongoing challenges with high-speed decentralized derivatives systems.

Services continued returning online as the rollback completed across system layers. Paradex stated that all accounts and positions would return to their pre-maintenance status. The exchange plans additional updates as remaining components recover.

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