E-Frag officially out of business; TWC 2016 prize winnings still owed

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E-Frag officially out of business; TWC 2016 prize winnings still owed
Image by: E-Frag

Serbia-based E-Frag have officially discontinued business in light of persisting financial issues. In the past, the company has hosted various tournaments of the international tier, including The World Championships and ESG Tour Mykonos, to name a couple.

While the company, generally speaking, had a solid reputation within the scene, things turned sour following issues that started with the conclusion of The World Championships 2016. The company has, to date, been unable to pay out tournament winnings to teams, explained by a situation that saw partner Azubu come short on their side of the deal. The two companies signed a contract, where Azubu were obliged to pay out prize money to participants "at the immediate end of the event".

Issues persisted, with no money paid out to participants of the event, followed by a statement from E-Frag, where it was revealed that Azubu had allegedly lacked funds to pay out winnings. E-Frag have been involved in an on-going legal battle with Azubu for approximately a year now, subsequently going out of business according to CEO of E-Frag, Marko "mak1" Milošević:

A total of $100,000 was up for grabs at The World Championships 2016, split between a total of 8 participants.

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