Fake news alert! Scammers launched a fake website that impersonates Bakkt platform

The website states that the project will be launched on March 12, but it is not true.
The Site contains some elements of scam.

Tanya Abrosimova Independent Analyst

There is a fake Bakkt project website ("bakktplatform.io.") that states that the much-awaited cryptocurrency trading platform will be launched on March 12. However, experts from Finder.com warn that this news is fake, and the site has nothing to do with Bakkt.

Neither the official website located at Bakkt.com nor the official social media channels of the company have information about the exact launch date.

Apart from the fake news, the website has some distinct elements of scam. Guaranteed return in the amount of 27.5% for those who send Bitcoins to participate in the “second round of financing offers ” and glaring grammar mistakes are among the most obvious red flags.

Author

Tanya Abrosimova

Independent Analyst

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Pi Network Price Forecast: PI flashes bearish potential as selling pressure mounts

Pi Network trades above $0.2000 at press time on Thursday, following a nearly 2% decline the previous day. Centralized Exchanges have received 1.90 million PI tokens over the last 24 hours, suggesting risk-off sentiment among holders.

Algorand Price Forecast: ALGO eyes further upside as falling-wedge retest holds

Algorand (ALGO) price steadies around $0.136 on Thursday, nearing a key support level; if it holds, it suggests further upside. Bullish sentiment strengthens as ALGO’s on-chain and derivatives data indicate improving trader sentiment.

Top Crypto Losers: Pump.fun, Story, and Pudgy Penguins test key support levels

Pump.fun (PUMP), Story (IP), and Pudgy Penguins (PENGU) experience intense selling pressure over the last 24 hours. PUMP and IP failed to cross the 50-day Exponential Moving Average, resulting in a pullback on Wednesday, while PENGU is testing its 50-day EMA.