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Aster’s XPL Perpetual Contract Spikes to $4 Before Rapid Correction

Aster’s XPL Perpetual Contract Spikes to $4 Before Rapid Correction

Aster Exchange has confirmed the full distribution of compensation in USDT to users affected by the September 26 price spike in the XPL perpetual contract, caused by an operational error.

USDT

Summary

Aster Exchange has completed the full compensation process for users impacted by the XPL perpetual contract price spike on September 26, 2025. The compensation, issued in USDT, covers all affected accounts and comes after an internal configuration error caused abnormal price movements. The price cap removal led to a spike to $4, with other platforms remaining stable. Aster assures that no funds were lost during the incident.

Terms & Concepts
  • Perpetual Contract: A type of futures contract with no expiration date, allowing traders to hold leveraged positions indefinitely.
  • Compensation: Financial restitution provided to users or investors impacted by operational errors, losses, or other adverse events.