Ripple Helps Fortress Customers Recover Funds as Part of Acquisition Deal

Ripple aids Fortress Trust’s clients affected by a security incident during an acquisition deal, recovering the lost funds.

The incident, which Fortress attributed to a compromised cloud tool of a third-party vendor, did not result in any loss of funds for customers, thanks to Ripple’s quick off-the-mark action.to a critical exploit that impacted about four of its clientele. In the shared tweet, Fortress pointed out that a third-party Vendor suffered a cloud tool security breach, exposing the clients to exploitation, with a portion of their funds being lost as a result.

Fortress made it clear afterward that the impacted wallets were made whole again, implying no severe loss of funds. The finer details of the sums initially drained and repaid to customers’ accounts remain under wraps by both Ripple and Fortress. “We’re excited to bring on this team and its technology to accelerate our business and continue pressing our advantage in the areas critical to crypto infrastructure.”

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Ripple made Fortress customers hit by security incident whole as part of acquisitionRipple covered losses suffered by customers of Fortress Trust, the blockchain infrastructure startup it acquired last week.
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