The world's biggest esports company is 'consulting legal counsel' over FTX bankruptcy

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TSM signed a $210 million sponsorship deal with the FTX cryptocurrency exchange last year.

, he resigned as FTX CEO; he was later reported to be hauling ass to Argentina on a private jet, although he toldhe was actually in the Bahamas, where FTX is based; there are also rumors that he could be looking to flee toThe whole thing is a wall-to-wall shmozzle, in other words, and it's left countless individuals and organizations scrambling to recover, or at least find their footing amidst the rubble.

"To be clear, TSM is built on a solid foundation. We are stable and profitable, and we continue to forecast profitability for this year, next year, and beyond. We look forward to a great year in 2023." The loss of FTX financing won't likely damage TSM too much over the long run. The organization is a big one, fielding more than a dozen teams across games including Dota 2, League of Legends, Valorant, Apex Legends, Fortnite, and Teamfight Tactics, and was valued at $540 million in a 2022For now, the org doesn't appear to be moving too quickly to disassociate from FTX: The team's

still refers to it as TSM FTX, although contractual obligations presumably prevent it from dropping the name.Andy has been gaming on PCs from the very beginning, starting as a youngster with text adventures and primitive action games on a cassette-based TRS80. From there he graduated to the glory days of Sierra Online adventures and Microprose sims, ran a local BBS, learned how to build PCs, and developed a longstanding love of RPGs, immersive sims, and shooters.

 

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Reginald seething

🤣🤣🤣🤣🤣🤣🤣

uh oh spaghetto

10 years!? Holy shit, how can they be so naive?

Who'd have seen that coming

Nice reporting “hauled ass”. I love it.

RIP TSM

Not unexpected.

Wow who could have seen this coming, wow this was totally unexpected. Tsm deserve all of what theyre getting, they made a deal with a shady company and now they have to reap the consequences, buhu

FURIA was also sponsored by FTX, they dropped the sponsorship

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