Odaily Planet Daily News: According to official news, Backpack has released an announcement regarding the card loading lag and contract position confusion that occurred on July 3, stating: "On that day, a total of 5,000 users traded, and when the positions became confused, about 500 users made a profit, while 500 users suffered losses due to this incident. After rolling back the code, we decided that the profitable users could manage their assets independently, and the users who incurred losses would be compensated in full. As of the publication of this notice, we have received a total of 410 compensation requests and have processed 242 requests, issuing a total of $70,000 in compensation. We expect the total compensation amount to be around $200,000. We will provide double points compensation to all users who participated in trading on that day." In addition, Backpack CEO Armani stated: "Our exchange architecture is essentially a private, permissioned blockchain—designed from scratch for performance, verifiability, transparency, and efficiency. We did not fork any existing technology but developed it ourselves from the ground up."