Riot Games says Sam Bankman-Fried’s love of League of Legends hurts the brand
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/ The game developer wants to end its seven-year sponsorship deal with the collapsed cryptocurrency exchange. Illustration: The Verge; Image: Getty Images League of Legends developer Riot Games says Sam Bankman-Fried’s affiliation with the game is hurting the company’s image (via Molly White). In a filing in FTX’s bankruptcy case, Riot Games asks the court to terminate its League of Legends Championship Series (LCS) sponsorship deal with the collapsed crypto exchange, citing irreversible “reputational harm.” Bankman-Fried’s love for gaming entered the spotlight following the fall of FTX, and he became notorious for playing League of Legends (and other games) during
Bitcoin exchange-traded funds (ETFs) have been the subject of much debate recently. Supporters argue that bitcoin ETFs would make it easier for investors to get into the Bitcoin market. They believe that more institutional investors would invest in Bitcoin if it were available through ETFs, which could lead to increased…