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Pragma Flags Six Price Feeds as Critical Risk After $3.5M Starknet Exploit

Pragma’s September 18 assessment designated six price feeds as critical risk after a $3.5 million Starknet lending exploit, citing a gap between oracle valuations and the liquidity needed to sell collateral.

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Pragma Flags Six Price Feeds as Critical Risk After $3.5M Starknet Exploit

Pragma has classified six price feeds as presenting critical risk following a $3.5 million exploit involving a lending protocol on Starknet, according to an assessment dated September 18. The review highlights a potential mismatch between the valuations supplied by oracles and the liquidity available to lenders seeking to sell collateral. Such a gap can leave lending markets exposed when collateral cannot be liquidated at prices reflected by their feeds. The assessment places renewed attention on the reliability of price data in Starknet-based lending markets, although the available information does not identify the six feeds or outline any remedial measures. CryptoSlate reported the assessment and linked the risk designation to the recent exploit. The development is relevant to markets connected with Starknet and oracle infrastructure, including STRK and RED, as well as other assets referenced in the report.

Source CryptoSlate Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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