Fake Bakkt Giveaways Are Already Trying to Scam Cryptocurrency Users

Michael LaVere
  • Scammers are running a fake website meant to look like a promotion for Bakkt's launch.
  • Bitcoin futures trading platform remains undeterred despite low volume. 

Less than a week after the official launch of the crypto futures platform Bakkt and scammers are already targeting clients in a fake cryptocurrency giveaway. 

Bakkt Scammers Using Fake Promotion

According to a report by Finance Magnates, a scam website masquerading as Bakkt under the name bakktlaunch[dot]com has been asking users to deposit bitcoin and ether to participate in a promotional giveaway.

The website replicated the official Medium page for Bakkt, and is attempting to confuse clients into thinking the promotion is sanctioned by the platform.

The website reads, 

We wanted to commemorate such an achievement by holding a giveaway of 5000 BTC and 10000 ETH! A special promotion for BTC and ETH users!

Similar to the incessant crypto scams crowding Twitter, the fake Bakkt promotion is asking users to deposit small amounts of btc and ether in return for a large giveaway, 

If you participate for 5 BTC or 100 ETH, you will get an additional 100% bonus.

Despite drawing attention from scammers, the highly anticipated launch of Bakkt has been met with lackluster from the crypto community. The initial demand for Bakkt’s physically settled BTC futures contracts remains low. 

Nonetheless, the company is determined, with analysts pointing out that institutional investment on the platform will be a slow development. On Monday, Bakkt COO Adam White appeared on CNN’s First Move program to promote the platform. 

Featured Image Credit: Photo via Pixabay