Nostra's Starknet money market incurred about $3.5 million in bad debt after one account borrowed major cryptocurrencies using Nostra (NSTR) tokens as collateral. The NSTR token price was artificially inflated from under one cent to nearly $100 in a thin market, allowing excessive borrowing against insufficient collateral. This happened because the system accepted price data from only two sources instead of the required minimum of three, failing to reject the inflated price. Nostra has paused all related activities to reconcile the pools and recover the funds, highlighting the risks of relying on illiquid asset prices for borrowing limits.
Nostra's $3.5 million bad debt incident is notable for readers following cryptocurrency market risks. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Sep 24, 2026 18:21 WIB: out of 50 major cryptocurrencies priced on Pluang, 8 rose and 41 fell today. Notable movers include ONE at Rp43 with a -22.55% change, SNX at Rp4.146 with -11.47%, and BAL at Rp16.297 with +11.14%.
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