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Mt. Gox $BTC transfers spooked the market last week. Read more about the potential impact of creditors selling in our latest Data Debrief 👇https://t.co/lhMYQZylso https://t.co/kKYDoNLTa5

PAC Finance's Sudden LTV Ratio Change Triggers $24 Million Liquidation

EigenLabs developer kydo eth tweeted that Blast lending project Pac Finance suddenly changed the LTV of the ezETH pool, resulting in the liquidation of $24 million. A Pac Finance developer wallet called a function on its PoolConfigurator-Proxy contract at 9:06 on April 11 to set the LTV of ezETH to 60%.

PAC FINANCE's change in LTV parameters leads to a liquidation of 24 million US dollars.