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What happened with Ashes of Creation?

In February 2026, about two months after entering early access, Intrepid Studios shut down the servers, laid off its entire Ashes of Creation team of around 210 employees, and failed to sign their final paychecks. Steven Sharif, the studio’s co-founder and the face of the game, allegedly resigned in protest. Noble, if true, but allegations immediately surfaced that Sharif had severely mismanaged the game’s funds, with up to $1.4 million of Kickstarter money spent on personal luxuries, with $40,000 alone being supposedly spent on trivialities such as Magic: The Gathering cards, and even private

The Ashes of Creation debacle, explained