In short
The decentralized Aster exchange refunded users who lost money due to "abnormal price movements" on the recently launched XPL token.
It is believed that the pricing error resulted from a "programmed" index price and a fixed token price, which when removed led to a significant spike in the valuation of XPL.
The Aster currency dropped by 12% during the day to $1.80, following the incident.
The rising decentralized trading platform "Aster" refunded users who lost their funds due to "abnormal price fluctuations" of the recently launched XPL token on Thursday. The BNB chain saw tremendous growth over the past week, but this marks its first notable decline.
After two rounds of compensations, Aster announced a full refund of users' funds in the stablecoin USDT. Any affected user who has not received their funds is requested to contact the platform via Discord.
XPL, the original staking token of the enhanced blockchain for the stablecoin Plasma, traded at a peak of $1.54 and a low of $0.74 over the past twenty-four hours. However, Aster's perpetual futures contracts experienced completely different price movements, peaking at $4 and hitting a low of $0.55.
