Esports Technologies’ Corporate Shake-Up and Financial Collapse

Esports Technologies (EBET) just unveiled an announcement.

EBET, Inc. experienced significant corporate changes and financial challenges in 2024. Key executives and board members, including the CEO and CFO, resigned amidst a default on a credit agreement with CP BF Lending, LLC. The company was unable to repay over $37 million owed, leading to a public foreclosure auction of its assets, including its subsidiary Karamba Limited and various websites. Following the auction on August 1, where the assets were sold, EBET, Inc. ceased all business operations.

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