Ripple has expanded its blockchain portfolio by acquiring a Nevada-based chartered trust company. Former CEO of Turkish crypto exchange Thodex, Faruk Fatih Özer, has been sentenced to 11,196 years in prison by a Turkish court after being convicted of fraud, money laundering and other charges. Meanwhile, in an unexpected move, crypto firm LBRY has filed a new notice of appeal against the United States Securities and Exchange Commission over a July 11 court judgment.
Enterprise blockchain firm Ripple has acquired Fortress Trust, a Nevada-based chartered trust company, for an undisclosed amount, according to a Sept. 8 announcement.