Ripple backs out, won’t acquire Fortress Trust

Ripple won't acquire Fortress Trust but will remain as an investor in the blockchain-based payment network

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Ripple отказывается от приобретения Fortress Trust

Компания Ripple сообщила о прекращении переговоров по приобретению Fortress Trust всего через 20 дней после объявления об инициативе.

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Ripple abandons Fortress Trust deal after covering $15M loss related to security breach

Ripple has abandoned a deal that could have seen it acquire the financial infrastructure firm Fortress Trust, according to a statement on Sept. 28. Ripple CEO Brad Garlinghouse said in a tweet: “A few weeks ago, we signed a letter of intent to acquire Fortress Trust — we’ve since made the decision not to move forward […] The post Ripple abandons Fortress Trust deal after covering $15M loss related to security breach appeared first on CryptoSlate.

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Ripple CEO Drops Acquisition Bombshell: Fortress Trust Deal Off The Table

In a surprising turn of events, Ripple CEO Brad Garlinghouse announced that the company has decided to abandon its direct acquisition of financial institution Fortress Trust.  The decision marks a significant departure from Ripple’s earlier intention to acquire the firm, as they had signed a letter of intent just a few weeks ago.  However, Garlinghouse […]

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Ripple Drops Fortress Acquisition Deal

Ripple has opted to retreat from its previously declared deal with Fortress Trust

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Ripple Cancels Plan to Buy Fortress Trust

"While this outcome is different from what was originally planned, we’ll continue to support them and hope to work together in the future," said CEO Brad Garlinghouse.

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New Google cloud sync feature implicated in $15M crypto heist at Ripple-owned Fortress Trust

Software development company Retool has blamed the hack of crypto custodian Fortress Trust on a recently introduced Google Account cloud synchronization feature, Hacker News reported on Sept. 18.

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Identity of Ripple's Fortress Trust Hacker Who Stole $15 Million in Crypto Revealed

Details of exploit that drained $15 million worth of crypto from Fortress Trust have emerged thanks to Retool company, here's who hacker may be

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Phishing Attack on Cloud Provider With Fortune 500 Clients Led to $15M Crypto Theft From Fortress Trust

A phishing attack on Retool led to the theft, which helped spur Fortress Trust’s agreement to sell itself to Ripple, sources said.

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Ripple says security incident accelerated its acquisition of Fortress Trust

A multimillion-dollar security breach involving a third-party vendor hastened Ripple’s acquisition of Fortress Trust on Sept. 8.

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Ripple Bails Out Fortress Trust After Hack

Ripple confirms compensating losses of Fortress Trust clients despite prior claims of no damages in a recent security incident.

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Ripple's Newly Acquired Company Hit by Hackers, Here's What Happened

BitGo CEO has provided details regarding recent exploit of Fortress Trust recently acquired by Ripple; latter will make Fortress's customers whole

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Ripple covers Fortress Trust users’ losses

Blockchain startup Ripple covered the losses of Fortress Trust clients as part of its purchase agreement. Fortress said the losses were caused by a “third-party vendor whose cloud tools were compromised”, according to The Block. “Luckily, Ripple was in a…

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SEC Appeals Ripple Case Over Complex Legal Issues While the Firm Secures Fortress Trust Acquisition

The US SEC demand for an interlocutory appeal has been slammed by Ripple's CLO Stuart Alderoty for being "hypocritical." The post SEC Appeals Ripple Case Over Complex Legal Issues While the Firm Secures Fortress Trust Acquisition appeared first on BeInCrypto.

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Ripple Continues Its Acquisitive Streak With Deal To Acquire Crypto Infrastructure Startup Fortress Trust

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Ripple выкупает компанию Fortress Trust

Криптокомпания Ripple продолжает приобретать фирмы. На этот раз представители Ripple сообщили о покупке Fortress Trust, которая занимается построением инфраструктуры для блокчейна.

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Ripple acquires Fortress Trust; will XRP jump out of its slump?

Ripple’s latest acquisitions underscore its plans to tap into institutional liquidity. XRP remains downcast despite a bullish-centric sentiment shift. Ripple is starting to gain momentum iThe post Ripple acquires Fortress Trust; will XRP jump out of its slump? appeared first on AMBCrypto.

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Ripple Expands Its Arsenal: Fortress Trust Joins The Acquisition Lineup

Ripple, a prominent cryptocurrency firm, has announced its acquisition of Fortress Trust, a financial institution that offers Web3 financial, regulatory, and technology infrastructure for blockchain innovators.

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Ripple acquires Nevada-based trust company to expand US licensing

Blockchain firm Ripple has acquired Fortress Trust, a chartered trust company in Nevada, adding to its existing roster of regulatory licenses across multiple U.S. states. Ripple, a blockchain firm, has expanded its reach with the acquisition of Fortress Trust, a…

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Ripple’s acquisition of Fortress Trust adds to company’s regulatory licenses

Ripple has reportedly completed its acquisition of web3-focused company Fortress Trust for an undisclosed sum. On Sept. 6, the crypto company revealed that it had agreed to purchase the Nevada-based chartered trust company.

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Ripple acquires Fortress Trust, expands license portfolio in the US

Fortress holds a Nevada Trust license for asset custody. Ripple holds more than 30 licenses across the United States.

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Ripple acquires crypto-focused chartered company Fortress Trust

Ripple has acquired Fortress Trust, a chartered trust company and financial institution focused on cryptocurrencies. The news follows the enterprise crypto company’s recent announcement that it had agreed the acquisition for the Web3 provider.

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Ripple Unveils New Mega Deal

San Francisco-based blockchain company Ripple is set to acquire Fortress Trust

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Ripple Acquires Crypto-Focused Chartered Trust Company Fortress Trust

A person with knowledge of the matter said the figure was less than the $250 million price tag for custody firm Metaco, which Ripple acquired in May.

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Yield App Review: Features, Fees, Referral Program, Pros, Cons

Introduction In a world awash with crypto platforms, Yield App emerges as a beacon of innovation and security. This digital fortress is not just another DeFi platform; it’s a crypto super-app that has already won the trust of over 90,000 users globally.

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Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal

Prime Trust payment subsidiary Banq files for bankruptcy, citing “unauthorized’ asset transfers to Fortress NFT Group.

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Former Signature Bank Crypto Payments Chief, 4 of His Team Join Fortress Trust

Joseph Seibert, formerly head of its digital assets at Signature Bank, has brought over part of his risk and compliance team and a blockchain payments specialist.

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