According to court documents presented as evidence in Sam Bankman-Fried's criminal trial, FTX agreed to pay nearly $100 million in sponsorship fees to the development team of the game League of Legends, Riot Games, who agreed to receive nearly $100 million over seven years. After FTX declared bankruptcy due to customer losses, Riot Games began trying to withdraw from the deal at the end of last year. The documents also show that FTX agreed to provide approximately $42 million to the Tomorrowland music festival before 2026, an event frequently attended by top DJs such as Solomun. The Coachella music festival, held annually in Southern California, also signed a $25 million agreement with FTX. This spreadsheet details dozens of sponsorship agreements signed by FTX during the crypto bull market, which prosecutors included as evidence on Monday and released in full today.
All Comments