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Cosine: The address related to the Pac Finance liquidation event that made a profit of 244 ETH has been marked as a high-risk address

Cosine: The address related to the Pac Finance liquidation event that made a profit of 244 ETH has been marked as a high-risk address

CointimeCointime2024/04/12 07:13
By:Cointime

Researcher 0xLoki posted an article on X platform regarding the Pac Finance liquidation event, stating that the address (0x4883094b78a6ea2A4AED28B864156276D2ACdb3d) has completed 93% of the liquidation and gained approximately 244 ETH in net profit. The funds were transferred in and out through bridging, and there were no other interaction behaviors except for deploying the liquidation robot. In response, SlowMist founder Yu Xian stated that the address has been marked as a high-risk address on the MistTrack platform. Previously, Pac Finance replied on X regarding the "24 million US dollars liquidated due to protocol LTV parameter modification" incident, stating: "We have noticed this issue and are actively contacting affected users to develop a plan to resolve the issue. While we were adjusting the loan-to-value ratio (LTV), we assigned a smart contract engineer to make the necessary modifications. However, we found that the liquidation threshold was unexpectedly changed without prior notice to our team, resulting in 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."

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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