Foresight News|Oct 28, 2025 03:21
[Fortress Ordered to Cease Operations Due to $11 Million Funding Gap]
Crypto trust company Fortress has been ordered by Nevada regulators to cease operations due to a $11 million funding gap. CEO Anthony Botticella stated that the trust fund is facing severe financial difficulties, which stem from events that occurred before his tenure as CEO, impacting the trust fund's ability to operate as a going concern. Additionally, Ripple CEO Brad Garlinghouse had announced in 2023 that Ripple would no longer acquire Fortress Trust.
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