📉 Former Citibank expert Lawrence King has joined crypto exchange Backpack as head of audit. With its help, the exchange, founded by former FTX employees, intends to strengthen transparency and audit integrity. King has nearly 30 years of experience at Citibank, Morgan Stanley, Deutsche Bank and JP Morgan Chase. Backpack CEO Armani Ferrante emphasized the importance of bringing in experts from traditional finance to set “new standards for transparency, auditing and accountability.”