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Aster Refunds Users After ’Abnormal Price Movements’ on XPL
Aster Refunds Users After ’Abnormal Price Movements’ on XPL
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BTCCSquare news:
Decentralized exchange Aster has reimbursed users affected by erratic price swings in the newly listed XPL token, attributing the volatility to a technical glitch involving hardcoded pricing parameters. The BNB Chain-based platform distributed refunds in USDT after XPL's perpetual futures contract deviated sharply from spot market prices, peaking at $4 before collapsing to $0.55.
The incident triggered a 12% drop in Aster's native token to $1.80, testing confidence in the rapidly growing DEX. While the exchange claims full compensation has been processed, lingering questions remain about risk management protocols for novel assets like XPL—the staking token for Plasma's stablecoin-focused blockchain.
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