Backpack Responds to "Witch Hunt Incident": Accounts That Don't Violate "Rule 3" Can Appeal for Refund of 50% or More Points; Special Buyback Plan to Launch in Coming Days to Compensate Users

Mars Finance reports that on March 24, early core member of Backpack, Claire, posted on social media that the Backpack Chinese community team had a heated discussion with the European and American teams last night. The Chinese team does not want to see the interests of users they once supported being affected. To address this, the Chinese team had an in-depth discussion yesterday with the person responsible for implementing anti-witch hunting measures. As an experienced compliance officer, in the anti-witch team’s logic, “single person, single account” is an absolute bottom line. Under this standard, compared to other regions, more Chinese-speaking users have been affected, which is also due to different user habits naturally. Europeans and Americans have a strong innate obsession with rules and are sensitive about their KYC information, leading to users beyond their understanding being impacted. Moving forward, Backpack founder Armani and the core team plan to immediately open an appeal channel, establish clear rules, and maximize the protection of user interests. Any device operating three or fewer accounts and being judged as a witch will, after manual appeal verification, be refunded more than 50% of the points. Additionally, the Backpack team will launch a special plan in the coming days to buy back tokens on the secondary market for targeted compensation to these eligible users.