A new Bitcoin (available on Coinbase) (BTC) scam website has emerged. Back in 2017, when the cryptocurrency market hit mainstream news, scam sites began blowing up. Since everyone was so desperate to get their hands on digital currency or invest in a project that could give them 10X the return, the scammers often won. Now, cryptocurrency investors are much more cautious, and this new fake Bakkt website was easily identified.

Fake Bakkt Website Caught

In August of 2018, the Intercontinental Exchange (ICE) announced Bakkt would be launched in late-January 2019. ICE currently operates 23 leading global exchanges, including the New York Stock Exchange (NYSE).

Bakkt will be a Microsoft cloud-powered “open and regulated” global ecosystem for digital assets. ICE wants to create an integrated platform that enables consumers, merchants, and institutional clients to seamlessly buy, sell, spend, and store cryptocurrencies.

The fake Bakkt website had all the information thus far about the new platform but included a fake date of launch. The website even linked the original blog post from Kelly Loefller regarding the amount of money that was funded for the project.

What makes this website a scam is that it debuts a ‘second’ round of funding for Bakkt that is set to end on February 25th. The website specifically targets “all interested investors who believe in the future of the cryptocurrency market.”