Pac Finance responds to liquidation incident: Affected users are being contacted, and governance contracts or time locks will be set up in the future

Regarding the issue of "US$24 million liquidated due to modification of the protocol LTV parameters", Pac Finance replied to X: "We have noticed this issue and are in contact with affected users to actively develop a plan with them to resolve the issue. In our efforts to adjust the loan-to-value ratio (LTV), we assigned a smart contract engineer to make the necessary changes. However, we found that the liquidation threshold was accidentally changed without prior notice to our team, leading to the current problem. In the future, we will set up a governance contract or time lock to ensure that all future upgrades can be discussed in advance." Previously, EigenLabs developer kydo.eth said to X that the Blast ecological lending project Pac Finance suddenly modified the LTV (loan-to-value ratio) parameters of the ezETH pool, resulting in a liquidation of US$24 million.