Backpack: The verification and processing of all cases during the market flash crash on October 11 has been completed, and a cash subsidy program has been launched

Backpack announced that it has completed the verification and processing of all cases during the October 11 market flash crash. During the entire incident, Backpack did not experience socialized losses or clawbacks. The risk engine remained stable under extreme pressure, and the system was always operating normally during and after the event. To help affected users, Backpack has launched a cash compensation plan, including:
Basistrade (spot-contract arbitrage) account:
Accounts with less than 5 times account leverage will receive 100% subsidy.
Accounts with account leverage higher than 5 times will be partially unsubsidized according to the leverage ratio and market conditions.
Users who passively reduce their BTC lending positions due to ADL: 100% subsidy.
Funds recharged before settlement:
100% distribution.
All clearing fees: 50% back.
In addition, Backpack will release a new roadmap outlining plans and feature releases in the coming days, weeks, months, and years.