Esports team TSM suspends $210M sponsorship deal with FTX
Cointelegraph
Published Nov 16, 2022 08:52PM ET
Updated Nov 16, 2022 10:40PM ET
Professional esports organization Team SoloMid (TSM) (previously TSM FTX) has suspended its $210 million sponsorship deal with the now-bankrupt FTX crypto exchange “effective immediately” following the cryptocurrency trading platform’s shock collapse last week.
The United-States-based esports organization made the announcement in a Nov. 16 tweet to its 2.2 million followers, adding that the decision was made after “monitoring the evolving situation and discussing internally.”
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Written By: Cointelegraph
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