Overview

• Aster confirmed compensation was completed in multiple rounds, crediting liquidation losses and related trading fees directly in USDT.
• The XPL perpetual spiked to roughly $4 on Aster around 11 p.m. UTC on Sept. 25 while other venues hovered near $1.30, triggering forced liquidations.
• Trading on the pair was paused during a review, with the exchange assuring users that funds were secure throughout the incident.
• On‑chain analysts attribute the glitch to a hardcoded $1 index and a capped mark price that, once lifted without syncing to live feeds, produced the aberrant move; Aster has not formally confirmed the root cause.
• ASTER fell about 11–12% to around $1.80 after the episode, even as the platform reported heavy volumes and rapid user growth around Plasma’s mainnet and XPL debut.