Riot are attempting to pull out of a sponsorship deal with a bankrupt crypto company

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Riot are attempting to pull out of a sponsorship deal with a bankrupt crypto company…partly so they can find another crypto sponsor

…partly so they can find another crypto sponsor

As crypto researcher & critic Molly Whitereports, FTX were supposed to pay Riot an escalating annual sum of millions all the way into 2028. They’ve gone bankrupt, so now Riot have filed a motion for their deal to be cancelled, which seems reasonable.

It’s hard to have much sympathy for Riot when they accepted the deal in the first place - but even harder given that another reason they’d like this canned isso they can find another crypto sponser.

We’ve reached out to Riot for comment, and will update this post if we hear more from them.

Cheers,Kotaku.