Ex-FTX Execs Launch New Crypto Exchange Backpack Exchange in Dubai with Multi-Party Computation for Security
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Ex-FTX executives are launching a new crypto exchange called Backpack Exchange in Dubai.
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Backpack Exchange will use multi-party computation to secure customer funds, unlike FTX.
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The exchange is led by former FTX lawyer Can Sun and ex-FTX employee Armani Ferrante.
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Backpack Exchange is currently in beta and will fully launch later in November.
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The founders want to apply lessons from FTX's collapse to protect user funds and build trust.