Riot claims FTX caused the company “reputational harm.”
, Riot Games is looking to sever any remaining ties with the exchange, which it says its “image and reputation to its customer base” are “inextricably linked” to.
“Images of Mr. Bankman-Fried playing League of Legends were displayed alongside text describing his cavalier attitude towards investor meetings and irresponsibility with corporate funds,” the filing reads. “These images created a public narrative that Mr. Bankman-Fried’s interest in League of Legends, once relatable and human, was now reckless and juvenile.”According to the filing, FTX still owes Riot Games $6.
“The reputational harm inflicted upon Riot cannot be undone,” the filing reads. “FTX cannot go back in time and put in place corporate controls for the safekeeping of customer funds that have in the public eye now been absconded.” Other organizations sponsored by FTX were quick to drop the exchange’s branding following its collapse. Professional esports group Team SoloMid , which once went by TSM FTX as part of a sponsorship deal,
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Out of his 'League': Riot Games looks to distance itself from Sam Bankman-FriedIn a late Friday filing in FTX's bankruptcy case, the maker of League of Legends said it suffered severe reputational harm through its association with FTX and asked the bankruptcy court to force the failed crypto firm to end its contract.
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California's Congress members no longer want campaign money from Sam Bankman-FriedMost members of California's congressional delegation reported donating their campaign contributions from Bankman-Fried, who was recently indicted on fraud, conspiracy and campaign finance charges.
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