TechFlow news, October 12 — The community manager of blockchain game AbyssWorld issued a notice stating, "To secure the funds necessary for ongoing game development, we have decided to postpone this month's SUI airdrop for Gazer holders. We have been victims of prolonged deception: our early key investor, Chainhill Capital, has defaulted on payments. Investment funds promised to AbyssWorld and other games have failed to arrive. In the case of AbyssWorld, payments have been overdue for more than six months. While we expanded our team as planned, this has consumed significantly more cash reserves than anticipated."
Additionally, the announcement mentioned that the project will strive to compensate affected community members and will maintain records of all Gazer holders. Due to financial strain and inability to fulfill market-making commitments, the project has decided to unlock and release all remaining AWT tokens from Gazer and the IDO, allowing disappointed investors an opportunity to exit early. They also plan to announce the burning of a portion of previously repurchased tokens in the near future.
According to sources familiar with the matter who spoke to TechFlow, numerous game development teams have been impacted by Chainhill Capital's failure to disburse funds, with nearly $20 million in committed investments affected.
