Resolution/Fix for deadly Embrace Dead Lock:
The session on which ORA-00060 occurred encountered the dead lock and Oracle automatically rolled back the statement that caused the dead lock. No other session got affected, so other sessions functions as usual.
In the affected session, the rolled back statement needs to be re-executed once the resources are available ie. When no other session is competing for the same resource.
Probably it will be a good idea to analyze oracle trace file and then modify the application to avoid this situation.
To avoid deadly embrace dead locks, review the application transaction logic thoroughly in the design phase it-self and ensure tables are ordered with in the transactions/applications in such a way that resource contention not occurs among transactions/applications.