Backpack has finalized its investigation into the October 11 flash crash, confirming that no socialized losses or liquidation events occurred. The platform's risk engine remained stable throughout the incident. As part of its compensation plan, users with spot-futures arbitrage accounts using less than 5x leverage will receive full compensation, while those with higher leverage will receive partial compensation. Additionally, BTC lending positions affected by auto-liquidation are eligible for full compensation, and 50% of liquidation fees will be refunded. CEO Armani Ferrante highlighted the company's dedication to user protection and transparency, framing the incident as a positive example of crisis management in volatile market conditions. The compensation plan aims to address the concerns of affected users and reinforce trust in the platform.