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Backpack: In case of position dislocation, profitable users can manage their assets on their own, while users facing losses will receive full compensation

4 hours ago

July 7th. As per official channels, Backpack has declared the resolution of the transaction anomaly incident that occurred on July 3rd. It was stated that on that day, the platform faced issues such as recharge delays and some disarray in contract positions, yet user assets remained unaffected. During the incident, there were approximately 5,000 users engaged in transactions. Around 500 users benefited from the position anomalies, while another 500 users were affected. After rolling back the code, the platform decided that the users who benefited could handle their assets by themselves, and those affected would receive full compensation. As of now, Backpack has received 410 compensation applications. Out of these, 242 have been processed, and a total of about $70,000 has been disbursed. The final total compensation is expected to be around $200,000. Additionally, Backpack will provide double points to all users of that day as compensation.
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