Yup. This decision clearly happened after due diligence. Which makes it a big deal.
Let’s test the $boost feature.
In the Venture world, if an early investor doesn’t invest in the next round, then your startup is screwed because as an early investor you have visibility into what the company is doing and your lack of investment sends a very clear message of “no confidence”.
Here we have an even bigger issue: Ripple is an early investor and after their due diligence they decide not to acquire Fortress.
This sends a very loud message of systemic issues beyond a single hack. That’s a one off that you cover with money and move on.
https://blockworks.co/news/ripple-abandons-plan-fortress-trust
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