MMORPG went into ‘hiatus’ after crypto investors bailed, denies it misused funds

Cointelegraph

Published Aug 19, 2022 02:37AM ET

Updated Aug 19, 2022 04:40AM ET

Phat Loop Studios, the company under fire last week for abandoning its Kickstarter and crypto-funded MMORPG game Untamed Isles, is now denying accusations that they lost their backers' funds investing in crypto.

The company came under fire last week after announcing a “hiatus” of their Pokemon-like open-world video game, with some the community accusing the developers of spending game development funds to bet on the crypto markets.

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