0x48..9BEC Account remediation: Concluding steps

Background:

Account (0x48…9BEC) has supplied extraneously minted BNB to Venus, which resulted in the creation of an over-collateralized debt position. This position now holds 327,863.1477 BNB due to previous liquidation events (referred to as VIP-224 and VIP-79).

Current Status: The account is now in a healthy state by a significant margin, meaning it poses no threat or risk to Venus.

Proposed Steps

Force Liquidation: We propose force liquidating the existing debts in the account.

Withdraw Remaining Supply: After liquidation, the remaining supplied BNB (minus a 10% bounty reserved for the risk fund) will be withdrawn.

Burn Remaining Balance: The withdrawn BNB will then be sent to the designated BNB Chain burn address (0x…000).

Outcome: Once the proposal is adopted, the above steps will be executed to close the position cleanly and without any negative impact on Venus.