Paradex Confirms Full Restoration of Platform and User Funds Following Temporary Disruption
Paradex confirms that all user funds are 100% safe and fully restored following a temporary platform disruption that occurred earlier this week. The incident resulted in a limited downtime lasting several hours while fixes were implemented. At no point were user funds at risk.
Throughout the incident, Paradex maintained continuous, transparent, and centralized communication, with Discord serving as the single source of truth to avoid confusion or fragmented information. Updates were shared in real time, clearly outlining what was known, what was under investigation, and the actions being taken. Users were also given direct channels to contact the team for individual review and resolution.
Unusual Coverage Patterns and Coordinated Narratives
Historically, Paradex has received limited coverage from major media outlets. However, within a short time window following the incident, multiple publications, including some that do not typically cover Paradex, published articles simultaneously.
The speed, similarity, and surface-level nature of several pieces suggest a coordinated amplification of unverified narratives rather than independent investigative reporting. Some articles contained factual inaccuracies or lacked sufficient technical context, indicating they were not deeply researched prior to publication. This pattern was further amplified by coordinated social media activity, including posts originating from Chinese-language accounts, and coverage from outlets such as CoinDesk that echoed these early narratives without full verification.
Transparency in Times of Stress
Building resilient infrastructure in crypto is inherently complex. Even the most established teams in the industry, including Ethereum, Binance, Bitfinex, Bybit, and others, have faced incidents over the years. What distinguishes long-lasting projects is not the absence of challenges, but how they respond to them.
Paradex’s approach was deliberate: address the issue directly, communicate openly, prioritize users, and resolve the underlying problem before moving forward. This user-first philosophy has consistently proven to be the foundation of long-term trust in crypto.
Current Status and Positive Momentum
Since the incident:
- All platform statistics are fully restored
- Trading volume has surpassed $1.5B
- Total Value Locked (TVL) and Open Interest have returned to pre-incident levels and continue to trend upward daily
In addition, XP Rewards Season 2 has entered its final two weeks, now offering 50% more XP per week, providing increased incentives for active users and reflecting continued confidence and engagement across the platform.
Paradex remains focused on building robust, transparent, and user-aligned infrastructure. We welcome responsible, well-researched coverage and are happy to provide additional technical context or data where helpful. Our goal is not to dispute criticism, but to ensure accuracy, proportionality, and clarity for readers.
If further detail is required, the Paradex team is available for direct clarification.
About Paradex
Paradex is a decentralized trading platform focused on performance, transparency, and user-first design, serving a global community of traders. Built on principles of permissionless access and self-custody, Paradex offers a comprehensive DeFi ecosystem that includes Paradex Exchange, Paradex Chain, and XUSD—a native synthetic dollar powered by $DIME. The platform delivers fast execution, low costs, and a wide selection of markets, all while keeping users in full control of their assets. Guided by values of community obsession, high agency, relentless iteration, and resilience, Paradex is redefining what’s possible in decentralized finance.
Website : https://paradex.trade/
X : https://x.com/paradex
Discord : https://discord.gg/paradex
