Backpack Denies Insider Involvement in BP Token Price Manipulation on Polymarket

Backpack exchange has denied any insider involvement in attempts to manipulate the price of its BP token on Polymarket, a decentralized prediction market platform. The project's team stated that the traders behind the manipulation attempts have no affiliation with the project, amid growing community scrutiny over suspicious trading activity targeting BP-related markets. Backpack confirmed that traders attempting to move the BP price on Polymarket are not members or insiders of the Backpack team, distancing the project from any coordinated manipulation allegations.