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A year after the FTX crisis, former employees are launching a new crypto exchange. To reassure users that their funds are safe, Backpack Exchange will deploy an Named Backpack, the exchange has been launched by Can Sun and Armani Ferrante, the former FTX and Alameda executives. Discussing its proceedings at length New crypto exchange Backpack, founded by former FTX and Alameda Research executives, announced in an X post this Wednesday that it’s starting operations in Can Sun, the former general counsel of bankrupt crypto exchange FTX, has teamed up with other former FTX executives and Dubai-based Trek Labs to build a new crypto VCs are backing a crypto startup led by former FTX and Alameda Research employees as part of a new crypto exchange. In a series A funding round, alums from FTX

A year after the FTX crisis, former employees are launching a new crypto exchange. Named Backpack, the exchange has been launched by Can Sun and Armani Ferrante, the former FTX and Alameda executives. New crypto exchange Backpack, founded by former FTX and Alameda Research executives, announced in an X post this Wednesday that it’s starting operations in. Can Sun, the former general counsel of bankrupt crypto exchange FTX, has teamed up with other former FTX executives and Dubai-based Trek Labs to build a new crypto exchange called Backpack.

Former FTX and Alameda Execs Launch New Cryptocurrency Exchange: Backpack

The cryptocurrency world is abuzz as former FTX and Alameda Research executives are venturing back into the market with a new cryptocurrency exchange called Backpack. VCs are backing a crypto startup led by former FTX and Alameda Research employees as part of this new venture. Following a series A funding round, alums from FTX are looking to offer a fresh perspective on digital asset trading.

Backpack Exchange: Aiming for Transparency and Security

To reassure users that their funds are safe, Backpack Exchange will deploy innovative security measures. Discussing its proceedings at length, the team behind Backpack is emphasizing transparency and robust risk management.

Can Sun and Armani Ferrante: Leading the Charge

Can Sun, a prominent figure as the former general counsel of FTX, is joined by Armani Ferrante, another former FTX and Alameda executive, in spearheading this new exchange. Their past experience, though under scrutiny due to the FTX collapse, provides a unique insight into the pitfalls of the industry and the importance of secure and transparent operations.

What to Expect from Backpack

Backpack promises a new approach to cryptocurrency trading, prioritizing security and user trust. Whether they can overcome the shadow of their past association with FTX remains to be seen, but the market is watching closely to see if Backpack can deliver on its promises and offer a reliable platform for digital asset exchange.

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