Aster claims full USDT compensation for victims of XPL abnormal price movements

Aster, the decentralized perpetual futures exchange built on BNB Chain, has completed compensation for users impacted by abnormal price action in its XPL perpetual trading ￰0￱ incident reportedly unfolded on Thursday, which prompted a response from the platform assuring customers that all affected traders would be ￰1￱ a post on X early Friday, the Aster team said compensation had been distributed in ￰2￱ who suffered losses during the disruption received their reimbursement directly in USDT credited to their exchange accounts. “We appreciate your patience and understanding throughout this process,” Aster wrote . “For any further questions, please submit a ticket via our Discord.” Misconfigured index hiked XRP trade prices and caused liquidations Earlier in the week, several community reports and blockchain analysts had identified a technical misstep that caused the price movements in XPL perpetual ￰3￱ to an on-chain researcher going by the pseudonym Guthix on X, the index price for the XPL pair had been hard-coded at $1, while the mark price was capped around $1.22.

When that cap was lifted without adjusting the index, the trading price on Aster spiked to nearly $4. Other exchanges trading XPL continued to show stable values close to $1.3, almost 3x less than values seen on the perpetual decentralized ￰4￱ sudden jump triggered a wick that temporarily froze Aster’s trading chart before prices returned to more realistic ￰5￱ traders, however, were liquidated during the chaos, with numbers reportedly clocking about $32 million in long ￰6￱ the time of the disruption, Aster sent a notice on X that it had identified the irregular activity in the trading pair. “We are aware of abnormal price movements on the XPL perpetual trading ￰7￱ assured, all user funds are ￰8￱ are conducting a full review and will compensate any affected users for losses,” the platform ￰9￱ issue on the XPL perpetual trading pair has been fully ￰10￱ users liquidated during this period will have their liquidation losses calculated and reimbursed directly to their wallets in USDT within the upcoming ￰11￱ updates will be shared shortly.

We… — Aster (@Aster_DEX) September 25, 2025 At around 10:40 PM UTC Thursday, Aster announced that the problem had been solved and all losses from liquidations were to be calculated before the reimbursement ￰12￱ four hours later, the DEX team said most of the users had been compensated. A second update from the team early Friday morning confirmed that compensation went beyond losses from liquidation. “Update on XPL perp incident: Another round of compensation including trading fees and liquidation fees has now been fully distributed,” Aster wrote, confirming users recovered the full amount lost during the ￰13￱ volume growth continues amid technical setback Even during the XPL perpetual trade incident that troubled Aster, the exchange generated $16.3 million in daily trading fees over the last 24 hours, according to a Dune Analytics ￰14￱ fee was more than triple Hyperliquid’s $4.9 ￰15￱ Marketshare Fees Aster and Hyperliquid chart.