Overview

• Aster said all affected accounts have received USDT credits after an XPL perpetual contract price spike forced liquidations.
• On Sept. 25 around 11 p.m. UTC, the XPL perp on Aster swung to nearly $4 while spot prices on other venues hovered near $1.30.
• The exchange paused activity on the pair, reviewed positions, and issued a second payout to cover trading and liquidation fees.
• Community analysts point to a hardcoded $1 index and a roughly $1.22 mark-price cap that, once removed, let prices jump; Aster says it is still investigating.
• Aster’s native token fell about 11–12% to roughly $1.80–$1.85 following the incident, reflecting short‑term pressure on sentiment.