
The Breakdown Ripple's Fortress Acquisition Shows the Brittleness of Crypto Infrastructure
Sep 12, 2023
The podcast discusses Ripple's acquisition of Fortress Trust and the controversy surrounding it. It explores a recent security incident at Fortress that resulted in the loss of customer funds. The discussion highlights the lack of transparency in the crypto industry and the need for decentralization in crypto infrastructure. It also analyzes the financials and liabilities of Fortress and the potential actions that can be taken. Overall, the podcast provides insights into the brittleness of the crypto infrastructure.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 2min
The Context of the Fortress Acquisition and Ripple's Involvement
02:22 • 3min
Ripple's Acquisition of Fortress and the Breach Incident
05:07 • 3min
The Need for Decentralization in Crypto Infrastructure and FTX Creditor Update
08:17 • 3min
An In-depth Analysis of the Firm's Financials, Liabilities, and Potential Actions
11:00 • 4min
