Did Paradex run away? She's doing well .. I've been playing Perp Dex for a whole year and now I'm a bit confused. The points in each wallet account are expanding and the cash is evaporating. What should we do next? I'm even more worried about the black swan! Whenever I hear something wrong again, my heart will explode. A few days ago, there was an extreme situation in Paradex where someone shouted and ran away, which scared me. What is the truth? Let's dive in! ⬇️ The truth is that @ paradex made the same mistake that every Perp Dex would make The most important thing when an accident occurs is how to handle it. If not handled properly and causing losses to users, then running away and not running away are the same, completely giving up and never touching again. After playing for so long, almost every exchange has encountered malfunctions, and I have also experienced the vast majority of them, such as edgeX, backpack, lighter, hyperliquid... some are natural disasters and some are man-made disasters. Paradex completed technical repairs and refunds within 24 hours, ensuring the safety of all user funds without any losses. This is the truth about 'running away', handled cleanly and decisively. But, this world is still dangerous. Apart from some people who don't know the truth and want to gain traffic, ordinary business battles are also fueling it, you know. After the matter is settled, I can say a few words. If technical failures are unavoidable, then the team's subsequent handling and compensation are very important. There are several essential elements for crisis management in public relations: ∝ Public and Transparent Looking back at this accident, the team promptly issued an announcement, confirmed the issue, and publicly initiated an investigation, reaching several major social media and communication channels. All subsequent processing is publicly available through official channels and can be accessed by oneself. ∝ Take timely action Quickly locating and solving problems is the core. One hour after the announcement, the team locked in and confirmed the issue, announcing a rollback plan. But I estimate that at that time, I was busy dealing with the problem and there was a lack of external communication, which led to a lot of FUD spreading. Of course, there were many stakeholders who may have maliciously spread it. From discovering problems to solving them, it takes less than 24 hours. User first This is not a high hat, it's a basic operation. If user assets cannot be protected, it's better to close the door. This incident has affected 200 accounts, and $650000 has been directly compensated to the accounts without the need for invoicing, self verification via email, or loss of money. / Now, all functions have been restored to normal. The OI level has reached a new high, and the deposit and withdrawal of funds in the vault are proceeding normally. The cross chain bridge has been opened, and the defensive actions taken earlier to prevent the expansion of the crisis have been lifted. As an ordinary user, the first priority is to preserve assets. "Not building a dangerous wall" is definitely right, but it is also not advisable to be easily fooled and deceived. The world is dangerous, and everything still needs to be viewed dialectically. Taking a step back, Paradex actually provides a complete retreat: Prior to TGE, XP was tradable and transferable. That is to say, even if you don't want to do it today, you can still withdraw points through OTC methods. The official has even set up a dedicated OTC platform, which is rare. You can understand it as the project party having great confidence, or you can understand it as sincerity placed here, leaving everything to the free game market. Non consensus creates a great opportunity, when the vast majority of people go to do A while also coming to FUD B. If B has a good foundation, the opportunity arises. Paradex is very small, with only $1.5 billion in 24-hour transactions. Do you understand what I mean? Wish us good luck! / Author: Anymose | A Soft Core Science Popularization Writer This article is for educational purposes only and does not constitute any investment advice. Always remember DYOR!