Riot Files to End League of Legends Sponsorship Deal With FTX Crypto Exchange Failure

Riot Games has filed a motion to compel (opens in a new tab) yesterday in hopes of ending its League of Legends Championship Series sponsorship deal with cryptocurrency exchange FTX (credit to crypto researcher and Harvard Innovation Lab scholar Molly White (opens in a new tab) for the spot.) This follows the highly publicized implosion of FTX (opens in a new tab) and the arrest of its founder, Sam Bankman-Fried, on charges of fraud.

Coindesk (opens in a new tab) reported on Riot’s deal with FTX last August. The sponsorship deal was to run for seven years, with the FTX brand displayed prominently at LCS events. Riot did not publicly disclose the price of the deal at the time, but said it was the largest such esports sponsorship the company has ever secured.

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