Analysis: The surge in XPL contract price on Aster at midnight was caused by the removal of the mark price cap

According to ChainCatcher, analysis by Guthix indicates that Aster Exchange hardcoded the XPL contract index price at $1 and set the mark price cap at $1.22. After the price cap was removed, the XPL price instantly soared to $4, while prices on other platforms remained stable.

Previously, the official statement attributed the incident to serious negligence by the exchange operator, rather than a security vulnerability or attack. A comprehensive review has been initiated, and the exchange has promised to compensate affected users, assuring that user funds remain safe.