TSM is parting ways with FTX amid turmoil at the cryptocurrency exchange. But Twitter's new verification rules mean it's stuck with the name for now.
Esports organization TSM is ending its partnership with FTX, the cryptocurrency exchange currently struggling with a high-profile collapse. Though in a strange twist of fate, TSM is unable to remove FTX from its Twitter handle due to Twitter’s new verification rules.
After monitoring the situation, TSM has officially announced that it is cutting ties with FTX, ending the partnership prematurely. A statement from TSM reads, “After monitoring the evolving situation and discussing internally, TSM is suspending our partnership with FTX effective immediately. 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.
The snafu is another unexpected turn in a growing list of headaches for Twitter and its new owner, Elon Musk. The social media platform recently erupted into chaos when Musk introduced Twitter’s new version of Twitter Blue, which allowed any user to buy a blue checkmark for $8 a month. The decision immediately prompted a flood of problems, as users began impersonating companies like Nintendo and Valve as well as public figures.
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