Into The Breach, a United Kingdom-based esports organization, is winding down its operations due to its CEO’s embezzling of funds, leaving the organization in an “unsustainable” position. According to one of the organization’s CS2 players, the CEO “scammed” players out of thousands.
Per an official announcement from the organization, an investigation into the company began after “recent events…highlighted significant mismanagement.” ITB discovered that “an individual entrusted with all financial and monetary decisions was embezzling funds.”
On X, ITB CS2 player Owen “smooya” Butterfield pointed the finger at CEO Sam “STM” Macedonio, claiming he was the one laundering money and scamming $500,000 from his own players. In his own post on X, Macedonio admitted fault, owing the decisions he made to a “destructive, alcoholic narcissist” side of him “hellbent on self-immolation.” Macedonio noted there will be “several legal consequences” that he will accept and face.
In the replies of his post, Macedonio said that Into The Breach made around £5.5 million between 2023 and 2024. He said that he took around £600,000 in “director’s loans,” which he claims he blew on “benders and self-harm action.”
In his post, Macedonio made mention of the breakout moment for Into The Breach, when the relatively unknown organization surprised the Counter-Strike world with a playoff run at the BLAST Paris Major in 2023. The success brought on by that run prompted the organization to return to Dota 2 and Rainbow Six, and also enter competitive Halo for the first time.
Both Into The Breach and Macedonio have said that any available funds will be given to players who have lost money. All players across the various ITB esports divisions will now become free agents.
What do you think about Into The Breach’s shocking demise? Let us know down below, and join more discussions in the official Insider Gaming forums.
For more esports news, check out why these former pro players don’t recommend you play COD.
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