Backpack is a crypto exchange and wallet ecosystem that covers Solana, Ethereum, and BTC. Backpack's Twitter Score is 390 out of 1000 (an Excellent rating) as of August 2026, ranking #621 (top 0.5%) among 483,914 tracked accounts.
Backpack was co-founded by Can Sun and Armani Ferrante and is affiliated with Mad Lads. The platform raised $17 million in a Series A round led by Placeholder VC, with participation from Hashed, Robot Ventures, Amber Group, Wintermute, and Selini. FTX was previously an early investor in Backpack, and Backpack lost approximately 90% of its treasury following FTX's collapse.
Backpack acquired FTX EU for a little over 30 million euros, with approval from the FTX bankruptcy court and the Cyprus Securities and Exchange Commission. The acquisition was intended to leverage FTX EU's MiFID II license for crypto derivatives including perpetual futures. Backpack began reimbursing former FTX EU customers, estimating around 100,000 affected users and more than 50 million euros to be returned, while pausing new EU customer onboarding as it pursues a MiCA license. Following FTX's collapse, Backpack also emphasized proof-of-reserves as a core part of its operational approach.
Backpack has 319,564 followers as of August 2026 and has published 7,836 posts. Backpack has been mentioned by 1,184 accounts a total of 5,958 times.
Who follows Backpack on X?
The accounts that follow Backpack include 1,204 founders, 286 angel investors, 885 influencers and 24 VCs. Among them are Toly, Solana, Laura Shin, Ansem, Chris Burniske and Kyle Samani.