Esports group TSM has introduced that it’s suspending its relationship with FTX, the key cryptocurrency alternate it signed a $210 million sponsorship cope with in 2021. The announcement comes simply two days after TSM mentioned it was “consulting authorized counsel (opens in new tab)” on the right way to proceed within the wake of the crypto firm’s sudden, spectacular collapse out of business.

“After monitoring the evolving scenario and discussing internally, we’re suspending our partnership with FTX efficient instantly,” TSM mentioned in an announcement. “Which means FTX branding will not seem on any of our org, group, and participant social media profiles, and also will be faraway from our participant jerseys. This course of might take a while to finish as some social platforms have made adjustments to their product options.”

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