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Former FTX Leaders Launch Crypto Exchange in Dubai

Former FTX executives are set to launch a brand-new cryptocurrency exchange in Dubai, aptly named the Backpack Exchange. With a focus on prioritizing customer fund safety, the team behind this venture aims to learn from the mistakes of their previous employer, FTX. One of the standout features of Backpack Exchange is its advanced wallet security. The platform employs multiple levels of approval for transactions, designed to prevent the mishaps that plagued FTX in the past. Transparency is another key focus for Backpack Exchange. These security measures directly respond to the lessons learned from FTX's unfortunate collapse.

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