$26 Million Liquidated In Six Seconds as Pac Finance Unexpectedly Changes Parameter - Pac Finance, a crypto lending protocol built on the Blast network, unexpectedly changed the loan-to-value (LTV) ratio and liquidation parameters, leading to cascading liquidations in a matter of six seconds. The incident was flagged on X by Will Sheehan, founder of blockchain data firm Parsec, who shared data on the ...