Korean Market Compliance Commitment

Backpack remains dedicated to fostering a sustainable and legally compliant digital asset ecosystem. As an exchange that holds licenses in major developed countries, we have always prioritized compliance as the core of our operations. In light of the current regulatory environment, we would like to reiterate our existing policies regarding services and promotional activities in South Korea.

Our Unwavering Adherence to Local Regulations

Backpack has consistently monitored and complied with the regulatory guidelines issued by financial authorities in every region we operate. We have long been aware of the advisories concerning virtual asset services targeting domestic users in Korea. Accordingly, it has always been Backpack’s firm policy to market and provide services only in jurisdictions where we are fully aligned with local legal requirements.

Reiteration of Affiliate & Referral Guidelines

We would like to remind our affiliates and partners of our long-standing rules regarding the referral program, which remain strictly in effect:

• Prohibition of Targeted Marketing As previously established, all affiliates are strictly prohibited from marketing or promoting Backpack services specifically to the Korean market or Korean residents.

• Continuous Monitoring We maintain active monitoring of all promotional channels (Social Media, Telegram, etc.). Any activity targeting Korean users—including the use of Korean-language promotional materials—remains a violation of our terms.

• Enforcement of Policy We continue to enforce strict penalties for violations, which include the immediate suspension of affiliate accounts, forfeiture of commissions, and termination of partnerships.

Our Perspective on Compliance

We value our community, but our top priority has always been the protection of our users through strict legal compliance. Our record of seeking professional legal counsel and operating within the boundaries of the law reflects our commitment to being a transparent and responsible platform.

Reporting Violations

To help us maintain these standards, please continue to report any unauthorized marketing activities targeting Korean users to our support team at [email protected].

Backpack will continue to uphold its rigorous standards and work proactively to ensure a secure and compliant trading environment for everyone.