Backpack founder: Witch case is being reviewed after failing OTC cashing out

On March 27, Backpack founder Armani Ferrante tweeted in response to recent community FUD, explaining topics such as OTC transactions, MadLads rights, witch censorship and token prices. Armani said the team did not cash out through OTC, and its previous remarks about OTC were only to help buyers find tokens. Regarding MadLads, former TGE holders will retain Backpack VIP status, while new holders will not, a design designed to inspire users who have long-term concerns about the product. Regarding the witch review, he admitted that the team's previous handling method was too black and white and did not fully consider the complexity of the community dimension. The team is currently reviewing relevant cases. In addition, Armani emphasized that short-term FDV is not a core measurement indicator, and that team interests are deeply bound to the success of the token. If the token price returns to zero, the team will not be able to gain benefits. Currently, the team is continuing to advance the review of witch cases and returning to development work.