Bakkt’s former chief executive officer (CEO) Kelly Loeffler has been accused of insider trading for selling up to $3.1 million in stocks before the coronavirus outbreak became a global pandemic.
Loeffler left her position as Bakkt CEO to serve Georgia state as a junior senator. Loeffler had been working with other state officials on the coronavirus and had a meeting about the outbreak on January 24.
On January 25, she sent out a tweet, she has called the accusations “ridiculous and baseless.” According to her, the investment decisions on her portfolio are made by third-party advisors.
Sprecher and Loeffler both founded Bakkt together. The crypto firm recently completed a new funding roundImage Credits: Pixabay