Backpack: In case of position dislocation, profitable users can manage their assets on their own, while users facing losses will receive full compensation
BlockBeats News, July 7th. According to official sources, Backpack has announced the resolution of the transaction anomaly incident on July 3rd, stating that on that day, the platform experienced recharge delays and some contract position disarray issues, but user assets were not affected.
During the incident, there were approximately 5,000 users involved in the transactions, with around 500 users benefiting from position anomalies and another 500 users being affected. After rolling back the code, the platform decided that users who benefited could manage their assets themselves, while those affected would receive full compensation.
As of now, Backpack has received 410 compensation applications, processed 242 of them, disbursing a total of about $70,000, with the final total compensation expected to be around $200,000. Additionally, Backpack will issue double points to all users of the day as compensation.
You may also like

Lil Pump’s Bold Solana Tattoo Move: Rapper Dumps SOL Tokens After Inking Blockchain Name on Forehead
As of August 14, 2025, the world of crypto and celebrity antics continues to collide in unexpected ways.…

Fairdesk Crypto Exchange Shuts Down Amid Regulatory Pressures: A Look Back on Its Closure
As of today, August 14, 2025, the cryptocurrency landscape continues to evolve rapidly, with past events like the…

Bitcoin Faces Resistance at $125K, Signaling Potential Consolidation Before Surge to $140K
As of today, August 14, 2025, the cryptocurrency market is buzzing with activity, and Bitcoin is at the…

XRP Price Chart Signals Potential 75% Surge as SEC Concludes Lawsuit Against Ripple
As of today, August 14, 2025, XRP continues to navigate a key legal obstacle with an injunction limiting…

Kalshi Election Betting Contracts Surge After Major Court Victory
The innovative prediction marketplace Kalshi has rolled out over a dozen contracts linked to U.S. political events since…
Gainers
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]