Decentralized Trading Platform Paradex Issues Official Statement Regarding Recent System Brief Interruption, Emphasizing that the issue was caused by internal system repairs and has now been fully resolved. Paradex clarifies that during the incident, all user funds and assets were unaffected and remained secure.
(Background: Paradex data error reported as “Bitcoin zeroed out,” official rollback of blocks processed)
(Additional context: The Federal Reserve’s chance of no rate cut next week reaches 95%, with a heated economy and political pressure pressing Powell)

Table of Contents

• Unified Information Release Mechanism to Ensure Clear and Transparent Communication
• Observations and Clarifications Regarding Some Media Reports
• Platform Operational Data Fully Recovered and Continually Growing
• Paradex’s Position
• About Paradex

(This article is a promotional piece provided by Paradex and does not represent the stance of Dongqu, nor is it investment, purchase, or sale advice. Please see the disclaimer at the end of the article.)

Paradex confirms that the brief platform interruption earlier this week did not affect the safety of any user funds or assets.

The incident occurred during internal system maintenance, lasting several hours, and has now been fully repaired and normal operations restored.

The platform emphasizes that throughout the process:

• User balances were unaffected
• All assets remained secure at all times
• No fund losses, abnormal transfers, or account risks occurred

After the issue was identified, the Paradex team immediately activated emergency procedures, continued to update the community during the repair process, and ensured transparent communication.

Unified Information Release Mechanism to Ensure Clear and Transparent Communication

During system maintenance, Paradex will use Discord as the sole official information dissemination channel to prevent fragmented information and unverified messages.

Users will receive continuous updates via this channel on:

• Investigation and handling progress of the issue
• Technical repair status explanations
• Clear guidance on platform recovery time

Meanwhile, team members stay online to directly respond to user concerns and support account verifications or issue clarifications, ensuring user rights are protected.

Observations and Clarifications Regarding Some Media Reports

Paradex has noticed that after the incident, a large number of related reports appeared rapidly in the market, including some media outlets that had not previously focused on or reported on Paradex.

Many articles are highly similar in timing and narrative perspective, raising reasonable questions about information amplification or synchronized narrative dissemination, rather than independent technical investigation reports.

Additionally, some issues include:

• Insufficient technical details
• Deviations in certain facts
• Reports published before official investigations were completed

These contents were further spread on social platforms, amplifying the event’s impact beyond the actual technical issues.

Paradex points out that such situations are not uncommon in the crypto industry. Even mature platforms may encounter misinterpretations or over-interpretations during technical upgrades or system maintenance, reflecting the complexity of decentralized trading infrastructure itself.

Platform Operational Data Fully Recovered and Continually Growing

Since full system recovery, Paradex’s core operational metrics have stabilized and continued to trend upward:

• Total trading volume on the platform has exceeded $1.5 billion
• TVL (Total Locked Value) and open interest in contracts have returned to pre-incident levels and continue to grow
• XP Rewards for Q2 are in the last two weeks, with the XP bonus mechanism still open, maintaining user engagement

These data indicate that user confidence in Paradex’s technical capabilities and platform stability remains high.

Paradex’s Position

Paradex states that in the rapidly evolving crypto industry, external attention and scrutiny are normal, but accuracy, professionalism, and objectivity are equally important.

The team is always willing to provide necessary data and technical background to media and community to support fact-based rational discussion.

About Paradex

Paradex is a decentralized trading platform focused on high performance, transparency, and user-first experience, serving global crypto traders.

Official website: https://paradex.trade/

X (Twitter): https://x.com/paradex

Discord: https://discord.gg/paradex

Promotional Disclaimer: This content is provided by the contributor as a promotional article and has no relation to Dongqu. It does not represent Dongqu’s position. This is not investment, asset, or legal advice, nor an offer to buy, sell, or hold assets. Any services, solutions, or tools mentioned are for reference only, and the actual content or rules are subject to the publisher’s announcements or explanations. Dongqu is not responsible for any risks or losses that may occur. Readers are advised to conduct thorough due diligence before making any decisions or actions.