NEW: BACKPACK CEO @armaniferrante SAYS “CALL ME CRAZY, BUT THE SHEER SCALE OF THE FUD OVER THE PAST DAY MAKES ME THINK IT’S A PAID OPERATION BY A COMPETITOR” - “WE ARE LITERALLY TALKING ABOUT $40K FROM APPROXIMATELY 40 USERS THAT RAN INTO THIS SETTLEMENT ISSUE”

NEW: BACKPACK CEO  @armaniferrante SAYS “CALL ME CRAZY, BUT THE SHEER SCALE OF THE FUD OVER THE PAST DAY MAKES ME THINK IT’S A PAID OPERATION BY A COMPETITOR” - “WE ARE LITERALLY TALKING ABOUT $40K FROM APPROXIMATELY 40 USERS THAT RAN INTO THIS SETTLEMENT ISSUE”

— DEGEN NEWS (@DegenerateNews) Oct 12, 2025