Yooldo Games blames partner for 90% ESPORTS token crash on May 25

ESPORTS operator Yooldo Games has blamed an external over-the-counter (OTC) and market-making partner for the more than 90% crash in the ESPORTS token's price on May 25. The company stated on X that it did not direct or coordinate the token sale. "We have confirmed that one of our partners engaged in activities contrary to the contract signed with us, and we believe a significant portion of the sell-off volume at the time came from this firm," Yooldo Games said, adding that a full trace of the funds is difficult as they moved through multiple wallets, counterparties, and exchanges. The incident previously led to rug pull accusations against Yooldo for failing to provide timely investigation results. The controversy was further fueled by revelations that only a few employees were working at the office of developer Catze Labs.