Nostra incident reveals how NSTR liquidity has become a mortgage risk for Starknet

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CertiK Tracking: About US$1.92 million of assets loaned in the Nostra Oracle Incident have been bridged to Ethereum.

CertiK released a report on September 18 stating that in the NSTR Oracle Incident of the Nostra protocol, approximately US$1.92 million of assets have been bridged to Ethereum, including 234.57 ETH and 1.3 million DAI. The asset transfer came after Nostra confirmed on September 17 that an account had borrowed approximately US$3.5 million in assets using falsely high NSTR collateral, which prompted the Starknet agreement to suspend core money market functions.

CertiK tracks assets bridged to Ethereum

According to CertiK data, assets transferred to Ethereum represent a significant part of the funds lent through the event. Its report stated that the assets bridged from Starknet included 234.57 ETH and 1.3 million DAIs, with a traced value of approximately $1.92 million.

The report provides quantifiable updates on the flow of funds lent, but has not yet determined the final amount of losses.

Nostra suspends money market functions

Nostra announced on September 17 that due to the manipulation of the NSTR oracle price, an account borrowed approximately US$3.5 million in assets such as ETH, STRK, USDC, USDT, WBTC and DAI using inflated NSTR collateral.

During the investigation, the agreement suspended lending, withdrawal and clearing functions, cutting off the main channels for users to open or close positions and withdraw assets.