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Paradex announces rollback after perp exchange users report mass liquidations
Yahoo Finance· 2026-01-19 20:35
Paradex will roll back thousands of transactions after an error caused prices on the perpetual futures exchange to fall to zero, resulting in mass liquidations. Shortly after the platform conducted maintenance at around 4:30am London time, thousands of trades on the platform were liquidated in a matter of seconds, social media reports and videos viewed by DL News showed. Three hours later, Clement Ho, Paradex’s director of engineering, addressed panicked users in a Discord post. “We have identified the ...