Cryptocurrency exchange Backpack has hired a Citibank expert as its head of audit. Backpack, founded by former FTX employees, has appointed banking veteran Laurence King as head of audit to underscore its commitment to transparency and audit integrity. King served as head of audit at Citibank in various APAC regions. With King's involvement, Backpack aims to increase transparency to users and set new auditing standards in the industry. 📈