Pac Finance encountered a "liquidation" storm, and a large amount of EZETH was liquidated

Pac Finance, a lending protocol in the Blast ecosystem, encountered a "liquidation" storm. On the evening of April 11, users found that a large amount of ezETH was liquidated, with an amount of up to 24 million US dollars, which caused a strong response in the community.

According to the official response, the incident was caused by an operational error of a smart contract engineer, which caused the liquidation threshold of Pac Finance to be accidentally changed without notifying the team. However, this explanation did not calm the anger of the community. Many users began to boycott the project party and questioned the internal control management of the project on social media.

This incident is not an isolated case. Other projects in the Blast ecosystem have also encountered problems recently. Projects such as Orbit Lending and Munchables have encountered liquidation threshold problems and attacks, which has greatly reduced users' trust in the Blast ecosystem.

It is worth mentioning that Pac Finance's sister project ParaSpace has also staged an internal fight, which has raised more questions about the team background of Pac Finance. Although the team has previously raised tens of millions of US dollars from well-known institutions such as Sequoia Capital, internal management problems are still prominent.

In this context, the community called on Blast to strengthen supervision of the protocol or introduce more mature projects to maintain the stability of the ecosystem. Although Blast, as an open underlying protocol, does not directly supervise its ecological projects, the frequent problems have undoubtedly had a negative impact on its reputation.

Currently, Pac Finance is actively contacting affected users and developing plans to mitigate the impact of this liquidation incident. However, to rebuild the trust of the community, the project party still needs to make more efforts. #比特币减半