Backpack Response to "Witch Incident": User accounts not in violation of "Rule 3" can appeal for a refund of over 50% of their points. In the coming days, a special buyback plan will be launched to compensate users.

BlockBeats News, March 24th, Early Backpack Core Member Claire posted on social media that the Backpack Chinese team had a heated discussion with the European and American teams last night. The Chinese team does not want to see the interests of the users who once supported them affected.

As such, the Chinese team had in-depth communication yesterday with the person in charge of executing the anti-whale measures. As an experienced compliance personnel, in the logic of the anti-whale team, "one person, one account" is the absolute bottom line. Under this standard, compared to other regions, indeed more Chinese-speaking users have been affected, which is also naturally caused by different user habits. The innate obsession of Europeans and Americans with rules and sensitivity to their own KYC information has resulted in users being affected beyond their understanding.

In the follow-up process, Backpack Founder Armani and the core team are prepared to immediately open an appeal channel, establish clear rules, and maximize the protection of user interests. Any device that has operated 3 accounts or fewer and has been identified as a whale, after manual appeal verification, will have 50% or more of their points returned.

Furthermore, the Backpack team will launch a special plan in the next few days to initiate a token buyback in the secondary market, to be used for targeted compensation to these eligible users.