Backpack Founder: No OTC Liquidation, Will Re-Examine Sybil Attack Cases

Odaily News Backpack founder Armani Ferrante posted on platform X, addressing recent rumors about Backpack, stating that he did not liquidate tokens through OTC sales. The previously posted message on Discord was merely to assist buyers in finding tokens. Regarding Mad Lads, all users who held Mad Lads before the TGE will retain their Backpack VIP status, while new holders will not have this status. This move aims to align incentives with long-term holders. In dealing with Sybil attacks, the goal is to protect retail investors from unfair competition by professional players, but it is acknowledged that the previous review process was too absolute. Subsequent reviews of Sybil attack cases will continue. Furthermore, he believes that short-term post-TGE price and FDV are not core metrics for measuring success. The team's incentive mechanism is deeply tied to token performance and is committed to creating long-term value.