🚀 #GateNewbieVillageEpisode5 ✖️ @Surrealist5N1K
💬 Stay clear-headed in a bull market, calm in a bear market.
Share your trading journey | Discuss strategies | Grow with the Gate Family
⏰ Event Time: Nov 5 10:00 – Nov 12 26:00 UTC
How to Join:
1️⃣ Follow Gate_Square + @Surrealist5N1K
2️⃣ Post on Gate Square with the hashtag #GateNewbieVillageEpisode5
3️⃣ Share your trading experiences, insights, or growth stories
— The more genuine and insightful your post, the higher your chance to win!
🎁 Rewards
3 lucky participants → Gate X RedBull Cap + $20 Position Voucher
If delivery is unavailable, th
Bakkt faces a collective lawsuit from investors
BlockBeats news, on April 5th, the American encryption custody and trading platform Bakkt was collectively sued by investors, accusing it of making false or misleading statements without adequately disclosing its revenue’s heavy reliance on key clients such as Webull. The lawsuit was led by investor Guy Serge A. Franklin and filed on April 2nd in the Southern District Federal Court of New York, seeking a jury trial. The plaintiffs claim that Webull contributed 74% of Bakkt’s encryption service revenue from 2023 to 2024, while Bank of America accounted for 17% of its loyalty service revenue in the first three quarters of 2024. The termination of cooperation between the two companies will lead to a 73% drop in the company’s overall revenue. The defendants also include the company’s former CEO Gavin Michael, current CEO Andrew Main, and interim CFO Karen Alexander. Investors believe that Bakkt failed to timely disclose the risks of contract termination with key clients, violating U.S. securities law, resulting in significant losses.