My.Games recently announced the divestment of Boosty, its creator support platform, following allegations of violating international sanctions on Russia. An investigation revealed that creators on the platform solicited cryptocurrency donations, which were then used to support Russian war efforts. Despite being based in the Netherlands, My.Games has ties to Russia, as it was previously part of Russian internet giant VKontakte (VK). The company was later purchased by Alex Chachava for $642 million in 2022, allowing it to move out of Russia to Amsterdam.
Elena Grigorian now serves as the CEO of My.Games, with Chachava as the company’s chief alchemist. The company has sold Boosty to Cypriot businessman Pavel Kharaneka, founder of Broadsmart Group. The sale is expected to be finalized in Q3 2024.
My.Games has denied the allegations of sanctions violations, stating that it has policies in place to comply with international laws and cooperates with law enforcement agencies when necessary. The company emphasized its commitment to creating exceptional gaming experiences for players worldwide.
The Dutch Financial Intelligence Unit is reportedly aware of the accusations against Boosty users, although investigations are ongoing. My.Games and its subsidiaries have refuted claims of being under investigation or having any unlawful connections. The company expressed its intention to protect its business reputation through legal means if necessary.
In light of these developments, My.Games continues to focus on its core business of game development and publishing. The company remains dedicated to providing innovative gaming experiences to a global audience.
