Nostra Assets Tapped Out Amid Price Manipulation Allegations
Nostra, the developer behind the NSTR prediction machine, has seen its assets borrowed out to the tune of approximately $3.5 million due to alleged price manipulation.
The issue arises from a combination of factors, including market volatility and the increasing demand for stablecoins such as USDT.
Nostra's assets are being used as collateral by lenders, who are then lending them out to other users at interest rates that can range up to 20% per annum.
The situation has sparked concerns among some in the community about the risks of over-leveraging and potential losses for borrowers.