The U.S. Treasury Department said in its 2024 National Money Laundering Risk Assessment report that cybercriminals are fast evolving their methods in laundering illicit funds, especially with the proliferation of "privacy coins" and "mixers."

Bakkt is unsure it can keep business going over the next 12 months amid many concerns surrounding its operations such as cash running low, evolving regulatory regimes, and the ability to retain existing customers or attract new ones.