Ripple Backs Off Full Acquisition of Fortress After Internal Disagreements

Ripple confirmed it will no longer acquire financial tech firm Fortress Trust.
Ripple CEO said they decided not to move forward with an outright acquisition but will remain an investor.
Fortress CEO said internal disagreement at Ripple over business priorities led them to hold off.
Fortress was aware of Ripple's change of heart before the announcement.
Ripple originally planned to acquire Fortress after a security incident exposed some customer accounts.

decrypt.co

Relevant topic timeline:

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