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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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1️⃣ Follow Gate_Square
2️⃣ Like this post
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📅 Ends at 4:00 AM July 22 (UTC)
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.