Backpack Response to "Witch Event": User accounts not in violation of "Rule 3" can appeal to receive 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, Backpack's early core member Claire posted on social media, stating 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 a result, the Chinese team had in-depth communication yesterday with the person in charge of implementing the anti-whale measures. As an experienced compliance personnel, in the anti-whale team's logic, "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 due to the natural differences in user habits. The innate insistence of Europeans and Americans on rules and sensitivity to their own KYC information has resulted in more users being affected beyond their understanding.

In the follow-up process, Backpack founder Armani and the core team are prepared to immediately open an appeals channel, establish clear rules, and maximize the protection of user interests. Any user who has operated 3 or fewer accounts on one device and has been identified as a whale, after manual appeal verification, will receive a return of over 50% of the tokens.

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