News with the tag "Fortress"

In the aftermath of a hack resulting in millions lost, Nevada-based Fortress Trust is undergoing a significant reorganization, including a change in CEO and the reduction of its workforce. Nevada-based crypto custodian Fortress Trust has undergone reorganization as the firm…

Ripple Labs Inc recently had announced that it will not proceed with its planned acquisition of Fortress Trust The post Ripple Announces Decision to Step Back on Acquiring Fortress Trust appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

In a surprising turn of events, Ripple CEO Brad Garlinghouse announced today that the financial technology firm will not proceed with its previously planned acquisition of Fortress Trust, a Nevada-licensed financial services provider. The decision comes just 20 days after the initial announcement of...

Following the letter of intent to acquire Fortress Trust, Ripple CEO Brad Garlinghouse announced the company has decided “not to move forward with an outright acquisition.” Garlinghouse didn’t cite specific reasons for dropping the deal but said Ripple planned to remain an investor in Fortress. Garl...

Ripple’s CEO Brad Garlinghouse shared the news on X, saying it will remain an investor in 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.

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

In a swift and decisive move, leading crypto payments business Ripple (XRP) has stepped in to mitigate the fallout from a recent security incident that left clients of Fortress Trust in a state of vulnerability. The incident, which Fortress attributed to a compromised third-party vendor’s cloud tool...

Ripple’s assistance of Fortress following a recent hack has garnered praise from the crypto community.

Attorney Deaton says Ripple has made Fortress Trust’s customers whole despite splashing $200 million in legal fees defending itself against the SEC. Crypto-Law.US founder Attorney John Deaton has reacted to reports of Ripple’s potential acquisition of Fortress Trust. The Crypto Basic reported earlie...