Riot distances itself from failed crypto sponsor and its League of Legends-loving CEO

League of Legends developer Riot Games wants out of its estimated $96 million deal with the defunct cryptocurrency company FTX, citing irreparable “reputational harm” in a court filing attached to FTX’s ongoing bankruptcy case.

Per the filing, via crypto researcher Molly White, FTX’s public downfall has negatively impacted Riot Games both reputationally and financially — both because of this deal, which gave FTX the title of League of Legends’ League Championship Series, and because of FTX CEO Sam Bankman-Fried’s personal association with League of Legends. It’s a separate deal than the $210 million sponsorship signed with esports team TSM. FTX’s TSM deal, which was to be paid out over 10 years, according to
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