Backpack founder Armani Ferrante responded to community concerns on social media, clarifying that the team did not cash out through OTC trades, holder equity arrangements, or new witch review handling methods, and emphasized that the token performance is closely tied to team interests, with ongoing efforts in related work and product development.

Gate News Report, March 25: Resolv Labs announced that over the past 2 days, more than $77 million has been used to redeem whitelisted wallets that held USR before the attack, representing over 90% of that group, marking significant progress in the first phase of recovery work. The redemption process for this group is currently being actively completed, and subsequent phase work will also be launched to cover the remaining user groups.

Gate News bulletin, on March 18, João (@0xTimepunk) announced today that he has officially joined the Aave protocol as Chief Smart Contract Engineer. João will participate in the smart contract development work of the protocol and work with the team to advance the construction of on-chain lending applications. It is reported that João previously served as Engineering Lead at Superform XYZ and is also an AI project