Paradex was forcibly liquidated due to abnormal funding rates, and the official announced that the system state has been rolled back to before maintenance.

TokenSherpa · 2026-01-19T07:06:20+00:00

The Paradex trading platform in the Starknet ecosystem experienced a major technical failure, and users were forcibly liquidated due to extreme funding rates. The platform initiated an emergency response and plans to roll back the chain state to before the database maintenance. The incident resulted in actual user losses, highlighting the need to optimize the stability of Layer 2 ecosystem infrastructure.

TokenSherpa

2026-01-19 07:06:20

Abstract generation in progress

【Blockchain Rhythm】The perpetual contract trading platform Paradex in the Starknet ecosystem experienced a major technical failure. After database maintenance, an anomaly occurred, causing some users’ contract positions to be forcibly liquidated due to extreme funding rates.

The platform immediately activated an emergency response mechanism. According to the official maintenance announcement, the team has identified the root cause of the issue and plans to roll back the chain state to block 1604710 (around 12:27:54 Beijing time), which is the last verified correct state before the database maintenance. All account data will be restored to the point before maintenance.

This incident caused actual losses to Paradex users. During the maintenance period, abnormally high funding rates triggered chain liquidations, forcing some positions to be closed. Through state rollback, the platform attempts to restore the affected users’ positions to their original levels.

As a leading Perp DEX on Starknet, Paradex handles a large amount of user funds in perpetual contract trading. This maintenance failure also highlights that infrastructure stability in the Layer 2 ecosystem still requires ongoing optimization.

PERP-6,5%

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P2ENotWorking

· 4h ago

Maintaining a database can also cause failures—this is the level of top-tier DEXs? --- Rollback? Then wouldn't all my operations during that period be lost? Feels pretty frustrating. --- Laughing to death, the funding rate skyrocketed to the sky. Who can handle that? Not everyone can react in time. --- The Starknet ecosystem has another issue, this time it's Paradex's fault. How long will it take to restore user confidence? --- Forced liquidation is just forced liquidation. At least it was rolled back; on other platforms, it would have been a total wipeout long ago. --- Really, "maintenance" causes a bunch of problems. I heard this platform was supposed to be very stable before. --- A state rollback sounds easy, but how about actual operation? Could there be data inconsistency issues? --- This time, I really saw what "unexpected situations" mean. Perp DEX still needs to be cautious. --- Funding rate anomalies triggered liquidations... Shouldn't such bugs be discovered before going live? --- Wow, maintaining the database can even wipe out positions. I'm truly impressed.

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WalletsWatcher

· 4h ago

What the hell is maintenance, just blow it up, luckily it can be rolled back, right? That's why I never put too much stuff in Paradex. Who can a rollback save? The real losers have long been gone. Why is the Starknet ecosystem always so unstable? It's barely holding up. Forced liquidation really disappears in an instant, who can withstand that? Talking about rollback, what about my previous trading records? This logic is really absurd. It's another explosion of funding rates, this is what perpetual contracts fear the most. Paradex is done this time, trust level directly drops to negative. If the state is rolled back, then all the orders placed during that period are basically wasted? Every time they say they've identified the problem, then another issue pops up—a recurring script.

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ProofOfNothing

· 4h ago

What the hell is maintenance, it's directly gg, luckily there's a rollback or I would have taken a huge loss It's that damn funding rate again, why is it always so outrageous Paradex this time really sucks, even top Perp can't block the bugs Can you trust a state rollback? Anyway, I've already run away All the liquidations are tears of blood, brother

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ChainChef

· 4h ago

so paradex just cooked themselves with that maintenance rollback... funding rates spiking like an unseasoned broth left unattended, brutal. least they're rolling back the state but ngl the recipe was half-baked from the start imo

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