Ripple says security incident accelerated its acquisition of Fortress Trust

on X that “Fortress was not forthcoming about what actually did happen," claiming the company chose to “omit facts” and “downplay the event” by saying no funds were stolen. Fortress uses BitGo to custody part of its assets. BitGo said assets under its custody had not been affected.

Fortress co-founder Kevin Lehtiniitty labeled Belshe’s comments as “misleading statements," asserting that BitGo was “fully in the loop from the start." Moreover, he hinted at an acquisition proposal from BitGo to Fortress, saying, “[You] appear to be upset that Scott [Fortress’ CEO] chose to go with Ripple instead of the deal you proposed."

Mike, without breaking the terms of our NDA, you 1/ were fully in the loop from the start 2/ appear to be upset that Scott chose to go with Ripple instead of the deal you proposed, and 3/ are now trying to stoke fear among our clients with misleading statements. 1/2

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Ripple Helps Fortress Customers Recover Funds as Part of Acquisition DealRipple aids Fortress Trust's clients affected by a security incident during an acquisition deal, recovering the lost funds.
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Ripple’s Newly Acquired Company Hit By Hackers, Here’s What HappenedBitGo CEO has provided details regarding the recent exploit of Fortress Trust recently acquired by Ripple; the latter will make Fortress’s customers whole
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