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Nostra's $3.5M Oracle Hack, Fed Hike Absorbed & Hong Kong CBDC | Sep 18
Audio is available on Spreaker — see link below.
A DeFi attacker inflated an NSTR price feed 8,000x to drain $3.5M from Nostra Finance on Starknet — and oracle failures are becoming a systemic DeFi liability. Plus: the Fed's 25bp hike lands quietly, privacy tokens surge, and Hong Kong targets 24/7 tokenized settlement by 2026.
Audio is available on Spreaker — see link below.
A DeFi attacker just manipulated a price feed by eight thousand times. That's not a rounding error.
This is Nostra's second oracle-related incident. The first involved the xSTRK and sSTRK feeds back in early twenty twenty-five.
On the regulatory side, the CLARITY Act died in the Senate on September fifteenth by a vote of forty-nine to fifty. Within seventy-two hours, the SEC and CFTC each published crypto rules, moving faster than many expected.
The Federal Reserve raised rates by twenty-five basis points on September sixteenth, moving the target range to three point seven five to four percent. Markets had priced in a ninety-two percent probability beforehand, and crypto absorbed it without disruption.
One more development worth tracking. An unknown wallet deposited eight hundred eighty BTC to Coinbase on September eighteenth, worth roughly sixty-eight point three seven million dollars.
The near-term watchpoints are clear. Nostra's post-mortem will tell us whether depositors face haircuts and which oracle provider was involved.
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