Scott Purcell resigns as Fortress Trust CEO after Ripple sale collapse
Scott Purcell has resigned as CEO of Fortress Trust after Ripple backed away from its acquisition of the firm.
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Scott Purcell has resigned as CEO of Fortress Trust after Ripple backed away from its acquisition of the firm.
Read more (2 min) →No reason has been given for abandoning the Fortress acquisition but Ripple CEO Brad Garlinghouse said that his firm will remain an investor.
Fortress Trust claimed that its hack resulted in "no loss of funds," but Ripple statements say the acquisition will make "customers whole."