TSM signed a $210 million sponsorship deal with the FTX cryptocurrency exchange last year.
, he resigned as FTX CEO; he was later reported to be hauling ass to Argentina on a private jet, although he toldhe was actually in the Bahamas, where FTX is based; there are also rumors that he could be looking to flee toThe whole thing is a wall-to-wall shmozzle, in other words, and it's left countless individuals and organizations scrambling to recover, or at least find their footing amidst the rubble.
"To be clear, TSM is built on a solid foundation. We are stable and profitable, and we continue to forecast profitability for this year, next year, and beyond. We look forward to a great year in 2023." The loss of FTX financing won't likely damage TSM too much over the long run. The organization is a big one, fielding more than a dozen teams across games including Dota 2, League of Legends, Valorant, Apex Legends, Fortnite, and Teamfight Tactics, and was valued at $540 million in a 2022For now, the org doesn't appear to be moving too quickly to disassociate from FTX: The team's
still refers to it as TSM FTX, although contractual obligations presumably prevent it from dropping the name.Andy has been gaming on PCs from the very beginning, starting as a youngster with text adventures and primitive action games on a cassette-based TRS80. From there he graduated to the glory days of Sierra Online adventures and Microprose sims, ran a local BBS, learned how to build PCs, and developed a longstanding love of RPGs, immersive sims, and shooters.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria’s Nestcoin held funds from its investors on stricken FTX exchange\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »
FTX debacle casts an unforgiving light on effective altruism\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t
Read more »
Crypto Markets Are A Mess As Firms Scramble To Soothe Investor Jitters | OilPrice.comCrypto exchanges have looked to cool investors’ fears of contagion today as the industry is rocked by the shockwaves of FTX’s collapse last week.
Read more »
FTX/bitcoin: contagion risk is not fully reflected in prices\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »
Higher rates (and hubris) killed FTX\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t
Read more »
FTX collapse puts its auditors in the spotlight\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »