Bakkt Finds A Scam Website

By Rishma Banerjee

Bakkt, the digital assets trading platform has now discovered a scam website which even has its own domain, dubbed “bakktplatform.io” and was registered on Jan.31. The fake website had listed its entire schedule leading up to the alleged launch of the platform on March 12 and was calling out to investors, urging them to take the opportunity of investing in another funding round, by stating that payments would be accepted in Bitcoins. As per information available on their official website has cited that a figure of $182.5 million had been raised by the platform until the end of 2018 which was followed by “opening the second round of funding for all interested investors who believe in the future of the cryptocurrency market.”

The fake website also used the considerable date regarding the closing of the second funding round as Feb.25 while only requiring your name and email address for investments. However, Bitcoin seems to be the only accepted cryptocurrency
The site, however, only seems to accept Bitcoin as a viable means of participating in its funding round. The Bitcoin wallet address linked to the scam Bakkt website for accepting payments, has at the time of writing, been unable to conduct even a single transaction.

The statement read:

“We are focused on opportunities to provide new infrastructure, including the industry’s first institutional grade regulated exchange, clearing and warehousing services for physical delivery and storage.”

Bakkt made its first acquisition of assets in Rosenthal Collins Group amid the US government shutdown which is said to have delayed several pending approvals for crypto-related products from regulators like Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), which were severely understaffed at that point in time.

However, Bakkt seems to be on the verge of launching its trading platform, if all goes well, sooner rather than later.