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

ChainCatcher news, researcher 0xLoki posted on platform X regarding the Pac Finance liquidation event, stating that the address (0x4883094b78a6ea2A4AED28B864156276D2ACdb3d) completed 93% of the liquidation, gaining a net profit of approximately 244 ETH. The funds were transferred in and out via bridging, and there were no other interactions besides deploying the liquidation bot.

In response, Slow Mist founder Yu Xian stated that this address has been marked as a high-risk address on the MistTrack platform.

Previously, regarding the issue of "$24 million being liquidated due to changes in the protocol's LTV parameters," Pac Finance replied on X, stating: "We have noticed this issue and are actively contacting affected users to develop a plan to resolve the problem. During our efforts to adjust the loan-to-value (LTV) ratio, we assigned a smart contract engineer to make the necessary modifications. However, we found that the liquidation threshold was unexpectedly changed without prior notification to our team, leading to the current issue. In the future, we will set up a governance contract or time lock to ensure that all future upgrades can be discussed in advance."