🚀 Paradex Addresses Database Upgrade Incident with Comprehensive Measures
#Paradex #databaseupgrade #datacorrection #marketfundingrate #liquidations #rollback #audit #refund #serviceimprovement #safeguards #chainstate
Paradex has released an investigation report on the incident that occurred on January 19. According to Foresight News, during a database upgrade and maintenance, a race condition during service restart led to data corruption, which was published to the Paradex Chain. This resulted in the reset of some market funding rate indexes and abnormal liquidations. The company decided to roll back the chain state to the snapshot before maintenance and canceled all orders except for take-profit and stop-loss orders.
Within 24 hours, Paradex audited the affected accounts and refunded a total of $650,000 to 200 accounts from the Liquidator Vault. This incident marked the first rollback operation on the Paradex Chain. Enhanced service restart procedures, additional data validation safeguards, and price range protection measures during post-only periods have been implemented. Discrepancies in data related to portfolios and Vault pages are expected to be resolved by January 26.#Paradex #databaseupgrade #datacorrection #marketfundingrate #liquidations #rollback #audit #refund #serviceimprovement #safeguards #chainstate
🚀 Paradex to Refund $650,000 After Maintenance Glitch Causes Liquidation
#Paradex #refund #maintenanceglitch #liquidation #databaseupgrade #racecondition #corruptdata #cloud #ParadexChain #markets #liquidations #rollback #blockchain #takeprofit #stoploss
Paradex has announced plans to refund $650,000 to 200 users following a maintenance glitch that led to liquidation events. According to PANews, the issue arose during a scheduled 30-minute database upgrade on January 19, when unexpected problems occurred. A race condition during critical data operations caused corrupted data to be saved to the cloud and published on the Paradex Chain. This resulted in some market funding indices being reset to zero, causing abnormal gains and losses and triggering liquidations across multiple markets.
In response, Paradex temporarily suspended platform access, canceled all open orders except for take-profit and stop-loss orders, and rolled back the blockchain to a snapshot taken before the maintenance window began. Previously, Paradex had been temporarily unavailable due to the rollback of the chain state during database maintenance.#Paradex #refund #maintenanceglitch #liquidation #databaseupgrade #racecondition #corruptdata #cloud #ParadexChain #markets #liquidations #rollback #blockchain #takeprofit #stoploss