Fake Bakkt Emails Circulate, Claiming Profits for Investors

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There are reports of email being received from what claims to be Bitcoin futures trading platform Bakkt. The emails, bearing the subject line “Bakkt News!” and purporting that the platform will launch on 12 March 12, at first sight seem convincing.

First of all, the email is sent, not from an official Bakkt account, but from a Gmail one. Secondly, the English used in the email itself is written in a manner that clearly suggests an automatic translation program was used to compose it. Thirdly, the email diverts users to a website, bakktplatform.io, which is not the official Bakkt website.

The website simply asks visitors to register by providing their name and email address. The complete lack of KYC, AML checks and other information leaves no doubt on the fake nature of the website.

Post registration, investors are presented with a Bitcoin address where they can transfer their investment. The website also asks for investors’ Bitcoin addresses, with the promise of giving profit returns within three days of the platform’s launch.

The actual Bakkt has denied any connection with the email and the website, saying, “…that is not a Bakkt website and we wouldn’t have communicated in that way.” The real platform also does not have any launch date at the moment. The platform has still no green light from regulatory point of view. Unless that is given, it cannot even start to offer its services.

 

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