🎉 According to Odaily Planet Daily, Ripple recently acquired Fortress Trust, a blockchain infrastructure startup. It is worth mentioning that Ripple also compensated Fortress’s customers for losses suffered as part of the acquisition deal. It is reported that Fortress said in a statement released on September 7 that its customers were affected by "a third-party vendor whose cloud tools were compromised," but no financial losses were caused. 💪Fortunately, it was Ripple’s timely intervention that saved Fortress’s customers from harm, and the acquisition process accelerated after this security incident.

🔍Financial terms of the acquisition were not disclosed, but people familiar with the matter said the price was lower than the $250 million Ripple paid to custody company Metaco in May. Ripple’s acquisition of Fortress Trust demonstrates its optimism towards the Bitcoin market and also brings new development opportunities to the blockchain industry. 🚀