Riot Are Attempting To Pull Out Of A Sponsorship Deal With A Bankrupt Crypto Company
As crypto researcher & critic Molly White reports, FTX were supposed to pay Riot an escalating annual sum of millions all the way into 2028. They’ve gone bankrupt, so now Riot have filed a motion for their deal to be cancelled, which seems reasonable. Riot’s legal motion also argues that they’re suffering reputational damage, given FTX has turned out to be specifically fradulant rather than just regular crypto fradulant. Top execs there literally had a secret chat called “Wirefraud”, which is why Bankman-Fried was trying to avoid testifying before the House Financial Services Committee by hiding in The Bahamas....