Share this article
Esports Giant TSM Suspends $210M Partnership with FTX
It’s the latest sponsorship deal to fall through since the troubled crypto exchange’s surprise bankruptcy filing last week.
By Eli Tan
Updated Nov 16, 2022, 7:07 p.m. Published Nov 16, 2022, 7:07 p.m.
The largest sponsorship deal in the history of esports is no more.
Top gaming brand TSM announced on Wednesday that it has cut ties with crypto exchange FTX, suspending its once $210 million partnership indefinitely.
STORY CONTINUES BELOW
“After monitoring the evolving situation and discussing internally, we’re suspending our partnership with FTX effective immediately,” the company tweeted out in a statement. “This means that FTX branding will no longer appear on any of our org, team and player social media profiles, and will also be removed from our player jerseys.”
TSM did not immediately respond to CoinDesk’s request for comment.
We've suspended our partnership with FTX effective immediately. pic.twitter.com/u8vQSWnAbX
— TSM (@TSM) November 16, 2022
TSM first inked the record sponsorship deal in June 2021. It’s just the latest major sports brand to cut ties with FTX after the exchange’s bankruptcy filing last week, following in the footsteps of the National Basketball Association’s Miami Heat, which terminated its $135 million stadium naming rights deal with FTX last week.
TSM was unable to immediately remove the FTX name from its Twitter handle, citing new verification rules set by Twitter Blue, the app’s premium subscription service. But within two hours, the company was able to make the change.
lol pic.twitter.com/NnPlq375wu
— Josh Raby (@JoshRaby) November 16, 2022
While brands and institutions are scrambling to remove the FTX logo from their products, many of the exchange’s pricy deals remain intact, at least for now. Among them, the well-known umpire patch deal with Major League Baseball and stadium naming rights contract with UC Berkeley’s football stadium.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase, Chainlink Introduce Base-Solana Bridge to Link Ecosystems
The bridge, secured by Chainlink's Cross-Chain Interoperability Protocol, allows users to trade and interact with Solana-based tokens on Base-based dapps.
What to know:
- A new bridge connecting Base, the layer 2 incubated by Coinbase, and the Solana blockchain is now live on mainnet, enabling asset transfers between the two ecosystems.
- The bridge, secured by Chainlink's Cross-Chain Interoperability Protocol, allows users to trade and interact with Solana-based tokens on Base-based decentralized applications.
- The open-source bridge on GitHub enables developers to integrate cross-chain support, marking a step toward interconnected blockchains and "always-on" capital markets, with more chains expected to be linked in the future.
Top Stories
