Paradex Suffers Multi-Service Outage, Plans Blockchain Rollback

Paradex Suffers Multi-Service Outage, Plans Blockchain Rollback

Paradex restored blockchain functions at 20:15 on Jan. 19 following a chain state rollback prompted by database maintenance problems that had suspended all core services.

CORE

Fact Check
The statement is strongly supported by a high volume of consistent evidence from multiple, authoritative sources. Both key claims within the statement are independently and collectively verified.1. **Multi-service Outage:** Numerous sources confirm that Paradex experienced a significant service disruption. This is described as an "eight-hour outage" (CoinDesk), "extended downtime" (Phemex), a "multi-feature service disruption" (Binance Square), and a halt in trading (Edgen.tech). The outage was severe enough to cause mass or abnormal liquidations, reinforcing the idea of a critical, multi-service failure.2. **Blockchain Rollback Announcement:** The plan to perform a blockchain rollback is the central point of most reports. Eight out of the ten sources, including the highest-authority ones like CoinDesk and Cointelegraph, explicitly state that Paradex announced and/or performed a chain rollback to a specific block. The reasons cited were to reverse the effects of a "data glitch," resolve "maintenance issues," and restore user accounts.The evidence is highly consistent across all sources, with no contradictions. The two sources that do not mention the rollback simply focus on the initial outage and do not dispute the subsequent action. The consensus among credible crypto news outlets makes the statement highly probable.
Summary

Paradex resumed blockchain operations at 20:15 on January 19 after a full outage triggered by database maintenance that caused a rollback in the chain state. The downtime impacted all core services, including the user interface, Cloud/API, bridges, block explorer, and RPC Proxy servers. The recovery followed restoration of accounts to a pre-maintenance state at block height 1604710, reversing disruptions caused earlier in the day.

Terms & Concepts
  • Blockchain: A decentralized digital ledger recording transactions across a network of computers.
  • Block Explorer: A tool that allows users to view and search blockchain transaction and block data.
  • RPC Proxy: A server that facilitates Remote Procedure Call communications between clients and blockchain nodes.