TSM claims to be ‘stable and profitable’ despite recent FTX debacle in new statement

Over the past week, the walls have crumbled around the castle of cryptocurrency exchange FTX. A day ago, the company filed for bankruptcy, and as a result, the future of their multiple partnerships around the esports community was thrown into question.

One popular team that featured FTX prominently in their branding is TSM, who signed a whopping $210 million, 10-year long deal with the cryptoexchange back in 2021. The organization has finally released a statement on the situation, saying that the team doesn’t have any insight on what has happened other than what has been publicly reported, but is closely following the situation regardless.

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