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
The arrival of the Web 3.0 era: A review of Hong Kong court rulings on digital assets
Track Markets At a Glance: New WEEX Price Widgets for iOS & Android
To streamline your market data access, WEEX has officially launched "Market Watchlist" desktop widgets
The billion-dollar lesson: The focus of DeFi security is shifting from code to operational governance
A Brief Analysis of Stablecoin Licenses and On-Chain Funding
BVNK Founder: Three Stages of Stablecoin Development
The truth about Trump's son's Bitcoin game: he made a staggering $100 million while retail investors lost $500 million
What Is Futures Trading? Hours, Platforms, and How to Start Trade Futures(2026 Guide)
Learn how to start futures trading, understand trading hours, and choose the best futures trading platform. Includes real data, strategies, and ways to maximize returns with rebates.
The Rise of Composable RWA
MAGA Up 350% in 24 Hours, PEPE Up 46% in One Day: Which Memecoins Are Next in 2026?
MAGA +350% in 24hrs. PEPE +46% in one day. RAVE +4,500% then -90%. In 2026's memecoin market, the gains are real. So are the traps? Here's how to tell the difference before you buy.
RCD Espanyol vs Real Madrid: Can the Pericos Delay the Inevitable?
RCD Espanyol vs Real Madrid lineups, standings, and stats for May 3, 2026. Real Madrid visits RCDE Stadium as Barcelona closes in on the LALIGA title. Full preview inside.
MegaETH goes live with an FDV exceeding 2 billion USD. Which ecological projects are worth paying attention to?
Dialogue with "Wood Sister" Cathie Wood: The next bull market is about to arrive
Can prediction markets win the competition for perpetual contracts?
Who is trading on Trade.xyz?
Binance quietly placed a bet on a leading large model company
Best Crypto Discord Server 2026: Why Jacob’s Crypto Clan Is Gaining Massive Attention
Jacob’s Crypto Clan has grown into one of the most active crypto Discord communities, with over 45K members and continuing to expand. This rapid growth reflects strong demand for structured trading insights and real-time collaboration.
Tom Lee Buying ETH: Why Wall Street’s Loudest Ethereum Bull Keeps Doubling Down
Tom Lee keeps buying ETH through every dip, every drawdown, and every moment of market doubt. Inside the strategy that's turning Ethereum into a treasury asset — and what it signals for the rest of the market.
Stripe Sessions 2026: AI Agent, Global Payments, and Invisible Crypto Infrastructure
The arrival of the Web 3.0 era: A review of Hong Kong court rulings on digital assets
Track Markets At a Glance: New WEEX Price Widgets for iOS & Android
To streamline your market data access, WEEX has officially launched "Market Watchlist" desktop widgets
The billion-dollar lesson: The focus of DeFi security is shifting from code to operational governance
A Brief Analysis of Stablecoin Licenses and On-Chain Funding
BVNK Founder: Three Stages of Stablecoin Development
The truth about Trump's son's Bitcoin game: he made a staggering $100 million while retail investors lost $500 million
Popular coins
Latest Crypto News
