Former FTX Executives Launch Dubai-Based Crypto Exchange
The group will be focusing on a key aspect FTX was criticized for: safeguarding customer funds.
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The group will be focusing on a key aspect FTX was criticized for: safeguarding customer funds.
“In a post-FTX world, you need trust and transparency to create a true alternative to the other players,” emphasized Can Sun, former FTX lawyer.
Leading
the initiative is Can Sun, and the Dubai-based startup, Trek Labs,
obtained a crypto service license in late October. Trek Labs will
provide cryptocurrency services under the name “Backpack Exchange.
”Backpack is currently in beta, with a broader launch scheduled for later this month.
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