Researcher 0xLoki posted on the X platform about the Pac Finance liquidation incident, saying that the address (0x4883094b78a6ea2A4AED28B864156276D2ACdb3d) completed 93% of the liquidation, with a net profit of about 244 ETH. The funds were transferred in and out through bridges, and there was no other interactive behavior except deploying liquidation robots.
In response, SlowMist founder Yu Xian said that the address has been marked as a high-risk address on the MistTrack platform.
Earlier today, in response to the "24 million US dollars liquidated due to the modification of the protocol LTV parameters", Pac Finance responded to X: "We have noticed this problem and are in contact with affected users and actively develop plans with them to solve the problem. 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 notifying our team in advance, 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."