Dai

Nostra hit by $3.5M Oracle attack as security concerns re-emerge — Details

The post Nostra hit by $3.5M Oracle attack as security concerns re-emerge — Details appeared on BitcoinEthereumNews.com. Crypto security took another hit today after Nostra’s lending market on Starknet app was reportedly exploited through manipulation of the price feed for NSTR. The attacker was able to do this by scheming the protocol’s oracle to report an inaccurate NSTR value. Since Nostra uses that oracle’s price to determine how much collateral is worth, the manipulat...

Nostra Pauses Market After NSTR Oracle Manipulation

The post Nostra Pauses Market After NSTR Oracle Manipulation appeared on BitcoinEthereumNews.com. CertiK reported on September 18 that approximately $1.92 million of assets borrowed in Nostra’s NSTR oracle incident had been bridged to Ethereum, including 234.57 ETH and 1.3 million DAI. The movement followed Nostra’s September 17 confirmation that an account had used inflated NSTR collateral to borrow roughly $3.5 million in assets, prompting the Starknet protocol to pause...

Nostra Incident Shows How Thin NSTR Liquidity Became a Starknet Collateral Risk

CertiK reported on September 18 that approximately $1.92 million of assets borrowed in Nostra’s NSTR oracle incident had been bridged to Ethereum, including 234.57 ETH and 1.3 million DAI. The movement followed Nostra’s September 17 confirmation that an account had used inflated NSTR collateral to borrow roughly $3.5 million in assets, prompting the Starknet protocol to pause core money-market functions. CertiK tracks assets bridged to Ethereum According to CertiK, the as...

Nostra Joins a September That Has Already Cost Crypto Over $326 Million

The post Nostra Joins a September That Has Already Cost Crypto Over $326 Million appeared on BitcoinEthereumNews.com. Starknet lending protocol Nostra paused its money market on Thursday after a manipulated price oracle let one account borrow roughly $3.5 million against NSTR collateral. Lending, borrowing, withdrawals, and liquidations remain unavailable while the team reconciles each asset. Recovery prospects remain unclear for now. Nostra Halts Money Market in September...