Law firm Pomerantz has announced a class action lawsuit against digital asset marketplace Bakkt

Law firm Pomerantz announced that it has filed a class action lawsuit against NYSE-listed digital asset marketplace Bakkt over whether Bakkt and certain of its officers and/or directors engaged in securities fraud or other illegal business conduct.
It is reported that Bakkt previously revealed that Webull Pay will terminate its commercial agreement with the company effective June 14, 2025, and in the nine months ended September 30, 2024, and the full year ended December 31, 2023, Webull accounted for 74% of Bakkt's crypto service revenue, while Bakkt's 98% of its revenue came from crypto services.