Crypto payments business Ripple covered losses suffered by customers of blockchain infrastructure startup Fortress Trust, as part of a deal to acquire it.

Fortress said in a statement issued on X, formerly known as Twitter, on September 7 that its customers had been affected by a “third-party vendor whose cloud tools were compromised,” but that there had been no loss of funds.

It was Ripple, in fact, that stepped in to make Fortress’s customers whole as part of an acquisition process that picked up pace following the incident.

“Conversations accelerated last week following the security incident via a third-party analytics vendor, but this opportunity makes sense for Ripple in the long term,” said a spokesperson for Ripple, who clarified that the company — already a minority …