[STEAM] The Ashes of Creation debacle, explained

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Ashes of Creation doesn't seem to be able to leave the news. Supposedly, there's no such thing as bad publicity, but this is an MMO you can't play anymore, and all the news is about the alleged misdeeds that caused its collapse. What went (and is still going) wrong?

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What is Ashes of Creation

In 2025, after raising over $3 million via Kickstarter and a nearly 10-year-long development cycle, Ashes of Creation, a medieval fantasy MMO in the vein of WoW, finally reached early access for $50. Many saw promise in the title, with Destructoid even making

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. Sadly, nobody really got the time to put these to much use, since the game went under shortly after, leaving its entire development team out of a job.

Usually, you can point to one main cause of collapse for a studio, but not here. Ashes of Creation's Intrepid Studios has spawned so much chaos that we have to put it all together to try to make some sense of it all.

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

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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

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Image via Intrepid Studios Sharif would defend himself via lawsuit, claiming that the reason for the company's collapse was a

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by the board of directors, though there are conflicting reports on that. Some claim that there was indeed a power struggle throughout the game's development and short life, though one too chaotic to describe as a coup by any board of directors. Even wilder is looking at Intrepid's own legal filings and learning that Sharif was actually

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Despite these pretty damning allegations, Sharif has recently returned to defend his position once again via an

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, where he blasts all the accusations and the torrent of

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content made exposing his alleged misdeeds, and especially investor Jason Caramanis, whom Sharif describes as a violent individual.

The document reads, "That campaign has been amplified through content creators, including those serving as a mouthpiece for Jason Caramanis, a known violent individual with multiple prior arrests. Do not mistake noise for truth,” Sharif adds, “If you genuinely care about what happened to Ashes of Creation and Intrepid Studios, and this is not directed at the casual observer, I ask that you take a moment to read today’s court filings.”

Sharif also claims to have valid receipts, some of them very aggressive and threatening

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, and saying this man sounds disheveled is putting it very nicely.

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Image via United States District Court of Southern California And these are just the most recent developments. The entire situation is far from settled, but one thing is certain. Sadly, regardless of who's speaking the truth and of how this debacle will come to a close, Ashes of Creation will always be an ugly stain in the world of game development, and a blow to the public trust in any honest team genuinely trying to make a game reality via crowdfunding.

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