Paradex Faces Critical Error, Triggers Mass Liquidations

Paradex Faces Critical Error, Triggers Mass Liquidations

user avatar

by Leo van der Veen

9 months ago

Made with AI

In a troubling incident for the cryptocurrency exchange Paradex, a database migration error in December 2025 led to a catastrophic display of Bitcoin prices at zero dollars. This glitch not only caused confusion among users but also resulted in mass liquidations before the issue was rectified. Experts in the publication emphasize that such technical failures can have severe repercussions in the volatile crypto market.

Error During Routine Maintenance

The error occurred during routine maintenance, catching the attention of traders and investors alike. It took engineers two and a half hours to resolve the problem, during which time many users faced significant financial losses due to the erroneous price display.

Concerns Over Operational Stability

This incident has sparked serious concerns regarding the operational stability of Paradex, particularly its capacity to manage critical infrastructure changes. As the cryptocurrency market continues to evolve, the need for robust systems and protocols becomes increasingly vital to prevent similar occurrences in the future.

Amid the recent technical issues faced by Paradex, the cryptocurrency market is now reacting to a significant transfer of Trump Coin by the Trump team, raising concerns among traders. For more details, see Trump Coin transfer.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Large Hyperliquid Trader Rebuilds Ethereum Short After Significant Losses

A trader on Hyperliquid rebuilt a substantial Ethereum short position worth approximately $16 million after incurring losses of around $469,000.

user avatarLeo van der Veen

Tron Surpasses Ethereum and Solana in Blockchain Fee Revenue

Tron has generated approximately $234 million in chain revenue over the past 30 days, surpassing Ethereum and Solana.

user avatarLi Weicheng

New Reporting Requirements Proposed for Crypto Holders in France

A proposed amendment would require crypto holders to declare self-custodied assets worth over €100,000, with penalties for non-compliance.

user avatarTenzin Dorje

AnchorWatch Launches Bitcoin Custody Service in Nevada

AnchorWatch Trust Company has launched a Bitcoin custody service in Nevada, providing key control options and optional insurance.

user avatarBayarjavkhlan Ganbaatar

Blockchain Association Calls for Clearer DeFi Regulations

The Blockchain Association has called on the US Treasury to clarify regulations surrounding DeFi software and foreign stablecoin issuers under the proposed GENIUS Act.

user avatarMohamed Farouk

Cardano's Innovative Catalyst Pilot Program Emphasizes Real Adoption

Cardano has launched a pilot program under Project Catalyst, selecting 12 teams to address the issue of crypto grant funding leading to actual product usage.

user avatarElias Mukuru

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.