Nevada regulators have mandated Fortress Trust to cease operations following the discovery of an $11 million funding gap. The cryptocurrency trust company is grappling with significant financial challenges, which CEO Anthony Botticella attributes to issues predating his leadership. These financial difficulties have raised concerns about the trust's viability as a going concern. In a related development, Ripple CEO Brad Garlinghouse had previously announced in 2023 that Ripple would not proceed with acquiring Fortress Trust, a decision that may have impacted the trust's financial recovery efforts.