The post Aster DEX Announces Refund After Trading Glitch Hits Users appeared on BitcoinEthereumNews.com.

Key Highlights Aster DEX quickly announced a refund to cover losses from a technical error A technical error hit DEX that caused incorrect short liquidations on the XPL trading pair The problem was a funding rate miscalculation caused by a platform error Aster DEX has promised to fully repay traders who lost money due to a technical problem on its platform, which took place on Thursday. The issue caused a wave of automatic account closures for traders betting against a token called XPL. We are aware of abnormal price movements on the XPL perpetual trading pair. Rest assured, all user funds are SAFU. We are conducting a full review and will compensate any affected users for losses. — Aster (@Aster_DEX) September 25, 2025 The announcement is a major step for Aster as it tries to reassure users that their funds are safe, especially after a week of wild swings in the decentralized finance (DeFi) market. What Exactly Went Wrong? The problem centered on a key feature of perpetual futures trading, known as the “funding rate.” In simple terms, this is a fee that traders pay or receive periodically to keep the price of a futures contract aligned with the real spot price. On Aster DEX, a delay in price data caused this funding rate to be calculated incorrectly for the XPL token. This mistake directly impacted traders who had taken “short” positions, meaning they were speculating that the price of XPL would go down. Due to the incorrect rate, their accounts showed sudden, artificial losses. This triggered the platform’s automatic liquidation system, which forcefully closed their positions to prevent further losses. In reality, these traders should not have been liquidated. A user on X claimed that the root of the problem was not a complex exploit, but a critical error…

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Filed under: News - @ September 25, 2025 11:33 pm