The cryptocurrency world changes quickly and with that speed brings the opportunity for new mistakes. As for the “Backpack Exchange glitch”, we still don’t have much information as to what caused it. It’s equally crucial to understand the hurdles users might face, and Backpack Exchange is leading the charge to...

Backpack Inc., a cryptocurrency trading platform, encountered cascading failures following its planned maintenance on July 3. This led to invalid futures orders and problems with balance display. The exchange's CEO, Armani Ferrante, addressed the issues, attributing them to a "programming error" and promising to compensate affected users. Understandably, the incident...