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Data: 15,000 ETH transferred out from Fidelity Custody, worth approximately $49.12 million
6m ago
The forecasted market trading volume in December reaches a historic high of $19.1 billion
1h ago
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Have Fun With A Quiz in Gate Chat Group & Unlock Big Rewards!
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2026 starts with this post!Gate 2025 Year-End Gala Square TOP50 List Announced!
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Bakkt is facing a class action lawsuit for failing to disclose important cooperation protocols.
According to Gate.io News bot, Cointelegraph reported that the crypto assets custody and trading company Bakkt is facing a class action lawsuit. The lawsuit alleges that Bakkt failed to disclose information regarding its collaboration protocol with Webull and Bank of America (BoA), and misrepresented to investors that its revenue “largely depends on a single contract with Webull.”
The lawsuit documents show that the termination of the collaboration agreement between Webull and BoA resulted in a 73% loss of income for Bakkt. Specifically, Webull accounted for 74% of Bakkt’s Crypto Assets services revenue, while BoA accounted for 17% of its loyalty services revenue.