Ripple previously fully compensated Fortress customers who suffered security incidents to advance the acquisition transaction

Odaily Planet Daily News As part of the acquisition, Ripple compensated for losses suffered by customers of blockchain infrastructure startup Fortress Trust. Fortress said in a statement published on the X platform on September 7 that its customers were affected by "a third-party vendor whose cloud tools were compromised," but that no funds were lost. In fact, it was Ripple's intervention that saved Fortress customers from being compromised, and the acquisition process accelerated after this security incident. (The Block) Previously, it was reported on September 8 that Ripple acquired Fortress Trust, a chartered trust company focusing on cryptocurrency and Web3. The financial terms of the acquisition were not disclosed. But people familiar with the matter said the price was lower than the $250 million it paid hosting company Metaco in May.