Paradex Reports Service Outage, Cancels Open Orders
Cointelegraph
Crypto derivatives exchange Paradex experienced a platform-wide service outage, forcing the cancellation of most open orders.Summary
Crypto derivatives exchange Paradex reported a comprehensive service outage on Monday, affecting its user interface, API services, blockchain components, and other infrastructure. The team is currently engaged in a rollback and recovery process without having disclosed the cause or a firm timeline for restoration. As part of the recovery, Paradex announced it would force-cancel all open orders, excluding take-profit and stop-loss (TPSL) orders. Paradex, which operates as a decentralized perpetual futures exchange and ranks highly in on-chain derivatives trading volume, also issued a warning to users about impersonating support accounts during the downtime, urging reliance only on official channels.
(Source：Cointelegraph)