Backpack CEO rejects OTC cash-out claims, concedes missteps on ‘witch hunts’

Backpack CEO Armani Ferrante denies BP OTC cash‑outs and downplays FDV focus as anger over “witch hunt” Sybil bans forces appeals, buybacks and a fairness rethink. Backpack founder and CEO Armani Ferrante has moved to calm a backlash around the…