FTX agreed to pay Riot Games nearly $100 million, while Tomorrowland and Coachella also had big deals: SBF trial evidence | Headlines | News | CoinMarketCap

10/18/2023 02:04
FTX agreed to pay Riot Games nearly $100 million, while Tomorrowland and Coachella also had big deals: SBF trial evidence | Headlines | News | CoinMarketCap

While the many millions collapsed cryptocurrency exchange FTX agreed to shell out to celebrities like Tom Brady, Gisele Bündchen and Larry David has …

While the many millions collapsed cryptocurrency exchange FTX agreed to shell out to celebrities like Tom Brady, Gisele Bündchen and Larry David has been news fodder for some time, there are dozens of other deals that it's now possible to examine in greater detail thanks to the ongoing criminal trial of former CEO Sam Bankman-Fried.

In one high-profile sponsorship deal, "League of Legends" creator Riot Games agreed to take nearly $100 million over seven years, a document entered into evidence showed. After FTX declared bankruptcy amid losing customers money, Riot Games began trying to get out of the deal late last year.

FTX also agreed to give the Tomorrowland music festival, an event frequented by top DJs like Solomun, about $42 million through 2026, the document also shows. The …

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