- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Backpack: Users who made profits when their positions were previously disrupted can dispose of their assets on their own, and users who suffered losses will be fully compensated
Odaily News According to official news, Backpack issued an announcement regarding the recharge jam and contract position confusion on July 3, saying: A total of 5,000 users traded on that day. When the positions were confused, about 500 users made profits, and 500 users suffered losses due to this incident. After rolling back the code, we decided that users who made profits can dispose of their assets on their own, and users who lost money will be compensated in full. As of the time of posting, we have received a total of 410 compensation requests, 242 requests have been processed, and a total of US$70,000 in compensation has been issued. We expect the total compensation amount to be around US$200,000. We will compensate all users who participated in transactions on that day with double points.
In addition, Backpack CEO Armani wrote: “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 from scratch.”
You may also like
Social Capital CEO: How Equity Tokenization is Reshaping Capital Markets from US Stocks to SpaceX?
CoinGecko Report: Surge of 346% vs Dip of 20.8%, The Wild Rise of DEX
a16z: The Real Opportunity of Stablecoins Lies Not in Disruption but in Filling Gaps
Mining Exodus: Someone Holds $12.8 Billion AI Order
March 6 Market Key Intelligence, How Much Did You Miss?
a16z: The True Opportunity of Stablecoins is in Complementing, Not Disrupting
Predict LALIGA Matches, Shoot Daily & Win BTC, USDT and WXT on WEEX
The WEEX × LALIGA campaign brought together football excitement and crypto participation through a dynamic interactive experience. During the event, users predicted matches, completed trading tasks, and took daily shots to compete for rewards including BTC, USDT, WXT, and exclusive prizes.
Ray Dalio Dialogue: Why I'm Betting on Gold and Not Bitcoin
Who Took the Money in the AI Era? A Must-See Investment Checklist for HALO Asset Trading
Wall Street Bears Target Ethereum: Vitalik In the Know Takes Flight, Tom Lee Remains Bullish
Pump.fun Hacker Steals $2 Million, Receives 6-Year Prison Sentence, Opts for 'Self-Detonation'
6% Annual Percentage Yield as Musk Declares War on Traditional Banks
36 years, 4 wars, 1 script: How does capital price the world in conflict?
Mining Companies' Great Migration: Some Have Already Secured $12.8 Billion in AI Orders
What Is Vibe Coding? How AI Is Changing Web3 & Crypto Development
What is vibe coding? Learn how AI coding tools are lowering the barrier to Web3 development and enabling anyone to build crypto applications.
The parent company of the New York Stock Exchange strategically invests in OKX: The intentions behind the $25 billion valuation
WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.
App