In brief
- Decentralized exchange Aster has refunded users who lost funds due to “abnormal price movements” on the recently debuted XPL token.
- It is believed that the pricing error came as a result of a “hardcoded” index price and capped mark price, which when removed prompted a big spike in XPL’s valuation.
- Aster’s token has dropped 12% on the day to $1.80, following the incident.
Ascending decentralized exchange Aster has refunded users who lost funds due to “abnormal price movements” on the recently debuted XPL token on Thursday. The BNB Chain-based exchange has exploded in growth over the past week, but this marks its first notable slip-up.
After a couple of compensation rounds, Aster says users have been fully refunded in the USDT stablecoin. Any affected users who haven’t been refunded should reach out to the exchange via Discord.
XPL, which is the native staking token for the
Go to Source to See Full Article
Author: Ryan Gladwin
