Overview
- YouTuber NefasQS published investor-supplied documents and more than 380 pages of texts that reportedly detail years of financial mismanagement, which have not been independently verified.
- Primary backer Jason Caramanis says he plans to sue founder Steven Sharif for fraud and alleges Sharif never invested personal funds in the project.
- Caramanis points to a collapsed 2019 iDreamSky agreement he says was valued at $60 million as a factor in mounting obligations, estimating total debt near $140 million while NefasQS’ tally exceeds $105 million.
- He further alleges Steam Early Access proceeds were used to pay off Sharif’s house instead of final payroll and that investors previously rescued the property from foreclosure.
- Investor Robert Dawson is reported to control Ashes of Creation’s assets and is exploring ways to continue development, with technical leads said to be refusing cooperation.