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Forget CEXs: The On-Chain Perp DEX Backed by Alameda Veterans is Here News ETHNews

Summary by ethnews.com
An X post from Sam Bankman-Fried’s account sparked speculation by drawing attention to a new Solana-based perpetual futures trading protocol. Backpack’s lead argues on-chain perpetuals are safer than centralized models, preventing hidden fund movements like FTX-Alameda. A post from Sam Bankman-Fried’s account on X drew notice to a new trading protocol. The message coincided with increased activity for a digital asset connected to the failed FTX …
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ethnews.com broke the news in on Friday, September 26, 2025.
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