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

Starknet lending protocol Nostra paused its cash market on Thursday after a manipulated value oracle let one account borrow roughly $3.5 million in opposition to NSTR collateral.

Lending, borrowing, withdrawals, and liquidations stay unavailable whereas the staff reconciles every asset. Recovery prospects stay unclear for now.

Nostra Halts Money Market in September’s Latest Oracle Exploit

Nostra (NSTR) carries a market worth of $546,751, in response to BeInCrypto Markets information. A token that small wants little capital to maneuver.

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The account pledged NSTR and drew Ethereum (ETH), Starknet (STRK), USDC, USDT, Wrapped Bitcoin (WBTC), and DAIv1. The haul exceeded the collateral token’s total market worth by roughly six occasions.

Security agency PeckShield reported that the account bridged $1.92 million to Ethereum. That switch included 234.57 ETH and 1.3 million DAI.

Deposits collapsed afterward. Total worth locked within the protocol fell from about $4 million on September 16 to roughly $710,632 at press time per DefiLlama.

Starknet’s Second Oracle Failure in Two Weeks

Nostra shouldn’t be the one Starknet protocol hit this month. On September 4, an incorrect value from Pragma’s publishing pipeline was revealed throughout a number of Starknet feeds.

This triggered 47 liquidations throughout 42 borrower wallets on cash market Vesu. Pragma reported 95% asset restoration in a September 13 replace.

However, the 2 incidents differ in trigger. Pragma’s case got here from a publishing fault, whereas Nostra confronted deliberate manipulation of a collateral value.

Meanwhile, Nostra remains to be counting the harm.

“We are reconciling the impression on every asset and tracing the funds. The remaining loss and potential recoveries will not be but recognized,” Nostra said.

The staff additionally warned customers about impersonators. Nostra mentioned it is going to by no means ship direct messages or ask holders to attach a pockets throughout restoration.

September has been pricey for the sector. DefiLlama had logged greater than $326 million in crypto losses this month earlier than the Nostra incident. Most of that stems from the $320 million Liquid Network incident.

The sample has held all 12 months. PeckShield counted 50 hacks in August, the very best month-to-month tally of 2026, whilst losses dropped 49.5% to $136.3 million. Nostra matches that form of frequent, smaller thefts.

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