Esports organization Team SoloMid (TSM) issued a statement this evening in regard to the recent developments with FTX.
\n In case you weren't already aware of the situation, Bahamas-based crypto exchange company FTX filed for bankruptcy on Friday, due to a rush of customer withdrawals that took place earlier that week. The entire situation is a complicated mess of funds being moved around and unaccounted investments, which Reuters has an ongoing report of, leading to what is currently one of the biggest company meltdowns in all of cryptocurrency history .
We are currently consulting legal counsel to determine the best next steps to protect our team, staff, fans, and players. 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.'\nGiven the nature of what's happening, and the bigger issues at hand for FTX, an esports team is probably at the bottom of the list of concerns they have at the moment.
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