HeF 🎒

@Backpack BD | CIS

[HeF 🎒 @darkprincehf]

@Backpack_CN WAO

[HeF 🎒 @darkprincehf]

@armaniferrante @Backpack Roger

[Backpack 🎒 @Backpack]

We're excited to welcome Dr. Michael S. Piwowar to Backpack US’s Board of Directors.

Dr. Piwowar served as SEC Commissioner from 2013 to 2018 and was later designated Acting Chairman of the SEC by President Trump. He was among the first senior U.S. regulators to publicly engage with the regulatory questions posed by digital assets and initial coin offerings.

He currently serves as Executive Director of Georgetown University’s Psaros Center for Financial Markets and Policy, and previously served as Chief Economist for the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

He brings deep expertise across securities regulation, capital markets policy, market structure, and investor protection as Backpack US accelerates its U.S. expansion.

With Mark Wetjen, former CFTC Commissioner & Acting Chairman, leading Backpack US as President, and Dr. Piwowar joining the board, Backpack US is building with experienced leadership across the SEC, CFTC, DTCC, and U.S. capital markets.

[Solana @solana]

Backpack Securities 👀

[Backpack 🎒 @Backpack]

https://t.co/BHfYFJfB6u

[Backpack 🎒 @Backpack]

DTCC is moving toward tokenized securities.

We're pleased to be part of the DTCC Industry Working Group.

[Luc | Backpack 🎒 @Luc100k]

My Wall Street friend is doing this.
Smart mf :)
He bought 500,000 $BP at $0.14422 = about $72,110.

That unlocks VIP 5.

On a $1M eligible USD balance, you get:

3.9% base yield = $39,000/year

+3.0% VIP boost = $30,000/year
That’s 6.9% total = $69,000/year.

Most exchanges give you little to nothing on idle trading cash.

Here, you keep your $BP exposure, earn the yield, and still have upside if $BP runs.

Hehehe.

[Cicada Market Making @cicada_mm]

https://t.co/ZC6tzMUR1v

[MR SHIFT 🦁 @KevinWSHPod]

E165: @backpack - Your broker holds your stocks. Backpack lets you use them

Armani Ferrante is the co-founder and CEO of Backpack, a regulated global crypto exchange built from the rubble of the FTX collapse. He spent years building the foundational infrastructure of Solana - wallets, DEXs, developer frameworks - before FTX wiped out 90% of Backpack's balance sheet. So he decided not to quit.

Timestamps:

0:00 Introduction
1:32 Please Subscribe
1:56 Michel Foucault & The Panopticon Metaphor
5:25 Armani’s Philosophical View on Crypto
7:50 Who Is Armani Ferrante?
8:39 Partnerships: @JupiterExchange @KASTxyz
9:19 Armani’s Chip On The Shoulder
10:43 Getting Hired Twice At Alameda Research
13:46 Being Able To Work On Early Solana Projects
14:43 Leaving Alameda to Build Backpack
18:26 FTX Fomo?
23:32 Partnerships: @ethena @sumsub
24:34 How Armani & Backpack Got Affected By The FTX Collapse
32:37 The Solana Ecosystem Today
36:25 The MadLad Story
42:03 How Important Was The MadLad For Backpack?
43:40 What Crypto Should Be
49:36 Crypto Inflection Point
51:59 Partnerships: @Trezor @Bitwise @SuiNetwork
52:55 Explain Backpack To Your Uber Driver
57:36 Crypto Is A Test Bed
1:04:15 Why You Might Not Own the Stocks You think you Own
1:06:41 Unified Margin Accounts
1:15:20 Why Armani Moved to Tokyo
1:17:18 Why Backpack is best Positioned to Win in Japan
1:18:43 How to Bootstrap a Regulated Exchange
1:21:53 Closing Thoughts

[HeF 🎒 @darkprincehf]

@ProMint_X https://t.co/16pzQlmsnF

A bit of context

[Armani Ferrante @armaniferrante]

@_0xaryan @LanaAI Confirmed what happened on our end. The funding wallet was not from backpack -> attacker.

it went from backpack -> non attacker -> attacker, where the non attacker was a cross chain intents solver.

Confirmed with the account owner that funded.

[Backpack 🎒 @Backpack]

Zero fees on Solana

Swaps - free
Bridging - free

Only on Backpack Wallet

[HeF 🎒 @darkprincehf]

@Qimeiluo @Backpack Thank you Qimei!!

WAO

[HeF 🎒 @darkprincehf]

@SuperteamKZ something red is missing 🧐

[HeF 🎒 @darkprincehf]

@y_tolep @Backpack @armaniferrante @MadLads WAO

[HeF 🎒 @darkprincehf]

@ChogNFT @Backpack CWO

[HeF 🎒 @darkprincehf]

@colinittoX @Backpack @MadLads @armaniferrante @Backpack_CN Let’s see 👀

[HeF 🎒 @darkprincehf]

@KRMAZ91 @solana @Backpack Auto drive-on
50x lev-on

[Siqent 🎒 @siqentzzz]

@Backpack makes me sick

@armaniferrante

Use Backpack!

[HeF 🎒 @darkprincehf]

I’m
Not
Finished
Yet
@Backpack

[HeF 🎒 @darkprincehf]

@elonmusk @MadLads DAY!