Deadline Update For Bakkt Paying $3M Settlement Over VIH Scandal

The deadline for the settlement is passed, but I figured out that you still can file for the payment, so it might be useful for some of you.

So, if you remember, Bakkt were on track to become a major player in the market with an enterprise value of around $2.1B after merging back in 2021. However, they were accused that their merger documents were full of inaccuracies and omitted crucial information, violating regulations.

And that they also gave false info about their financial controls and made errors in their financial statements, and the investors suit them for it.

And after all these years and all the disputes, Bakkt recently agreed to pay a $3M settlement to resolve this case. So, if you have traded BKKT back then you file for the payment here or through the settlement administrator.