Paradex Refunds $650K After Maintenance Bug Triggers Liquidations

Jan 23, 2026 - 20:00
Paradex Refunds $650K After Maintenance Bug Triggers Liquidations
Onchain derivatives platform Paradex refunded $650,000 to about 200 users after a maintenance-related software error triggered unintended liquidations across multiple markets. According to a Friday post-mortem shared on X by Paradex, the incident occurred during a planned 30-minute database upgrade on Monday, when a “race condition” caused corrupted market data to be written onchain. Paradex...

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