Crypto trust company Fortress ordered to cease operations due to $11 million funding shortfall
According to Jinse Finance, citing DLNews, crypto trust company Fortress has been ordered by Nevada regulators to cease operations due to an $11 million funding shortfall. CEO Anthony Botticella stated, "I only learned after taking office that the trust fund was facing serious financial difficulties. These challenges stem from events that occurred before I became CEO. These existing issues have fundamentally affected the trust fund's ability to operate as a going concern."
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