Paradex has issued refunds totaling $650,000 to 200 users following unintended liquidations. According to reports, a planned database upgrade caused a brief corruption of funding data on the platform. This data corruption triggered liquidations across multiple markets. In response, Paradex initiated a chain rollback to address the issue and compensate affected users. The development highlights the risks associated with database upgrades and the importance of robust safeguards in cryptocurrency trading platforms.

Paradex has issued refunds totaling $650,000 to 200 users following unintended liquidations. According to reports, a planned database upgrade caused a brief corruption of funding data on the platform. This data corruption triggered liquidations across multiple markets. In response, Paradex initiated a chain rollback to address the issue and compensate affected users. The development highlights the risks associated with database upgrades and the importance of robust safeguards in cryptocurrency trading platforms.