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The founders of Playdead are having a legal war over who made more of Limbo
Game Updates

The founders of Playdead are having a legal war over who made more of Limbo

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Many moons ago, Danish developers Playdead released bleak platformer Limbo and proved beyond reasonable doubt that Gamez R Art, while also giving a bunch of witless scriveners massive arachnophobia. Today, we learn that one of the studio’s co-founders, Arnt Jensen, is suing the other, Dino Patti, amid competing claims about the scale of his contribution to Limbo. Because of course all great things must end in calamity.

Our source of this story is Patti himself, who left Playdead in 2017 after the release of the wonderfully awful/awfully wonderful Inside, and is currently boss of Somerville developer Jumpship. He and Jensen have famously not been on great terms for years, but things came to a boil in late 2024, when Patti published an account of Limbo’s development on LinkedIn.

Back in March this year, Jensen argued that the LinkedIn post exaggerates Patti’s contribution to Limbo, insisting that “by providing recipients with core insights to the process of developing Limbo, you are falsely giving the impression that you played a significant role, including a creative role, in the development of the game.” He also claimed that the post includes an “unauthorised” photo.

For this alleged infringement, Playdead asked for 500,000 Danish kroner or $72,630 as “suitable compensation and reimbursement.” Now, Patti has revealed that Playdead’s lawyers are taking him to court in a podcast interview this week with Danish site Arkaden (via VGC).

For his part, Patti contends that Jensen is trying to delete him from the game’s origin story. “Arnt, please stop the bullying. I will not stop being who I am,” he declared back in March. “I will never erase my own history. You can’t rewrite the past just because of a bad breakup.” In the Arkaden podcast, Patti is upbeat about the situation, commenting that it’s an opportunity to set the record straight, but with all due respect to the guy, that’s the kind of thing you say when you’re being sued.

None of this interferes with my eagerness to hear about Playdead’s next game, “a third person science fiction adventure set in a remote corner of the universe”, which was revealed in 2017. At the risk of sounding like I’m picking my favourite dad, I’ve yet to play Somerville, which Malindy Hetfield described as an “interesting, if not particularly deep” spin on the Playdead school of apocalyptic minimalism.

I will ask Playdead and Jumpship for comment.



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Altcoin ETF summer in limbo as SEC hits pause on DOGE, HBAR, and AVAX filings
NFT Gaming

Altcoin ETF summer in limbo as SEC hits pause on DOGE, HBAR, and AVAX filings

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The U.S. Securities and Exchange Commission (SEC) has hit the pause button on several crypto exchange-traded fund (ETF) proposals, putting approval in doubt.

According to filings published this week, the SEC is delaying its decision for three ETF proposals, including Dogecoin, Hedera, and Avalanche.

The ETFs, filed respectively by Bitwise, Grayscale, and VanEck earlier this year, aim to launch spot ETFs backed directly by DOGE (DOGE),  HBAR (HBAR), or AVAX (AVAX), which would offer investors regulated access to the assets if approved.

However, the SEC stated it needs more time to assess the proposals. Citing concerns around investor protection and market integrity, the regulatory commission noted it is opening proceedings to allow for further analysis of whether the ETFs meet legal standards.

“Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved,” the releases read. “Rather, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.”

While not an outright rejection, the SEC’s move contrasts sharply with industry expectations. Earlier this week, Bloomberg analyst James Seyffart placed odds of approval for each of the assets around 75% to 80%, fueled by reports of positive engagement among the commission and issuers. 

The regulatory decision quickly rippled through the markets, dampening investor sentiment and triggering a sell-off across the three tokens. AVAX recorded the biggest loss, falling 12.5% from around $21.25 to $18.60 in a matter of hours. HBAR followed with an 11.5% slide, dropping from $0.1708 to $0.1512.

Despite being the least affected of the three, DOGE also dropped significantly, shedding 10.2% from $0.1906 to $0.1711. While all three tokens have shown minor recoveries since the initial dip, they remain in the red as uncertainty around ETF approval lingers.



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India crypto rules still in limbo as RBI says ‘no thanks’
GameFi Guides

India crypto rules still in limbo as RBI says ‘no thanks’

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Despite mounting pressure for regulatory clarity, the Reserve Bank of India remains firmly opposed to cryptocurrencies, citing risks to monetary policy and financial stability.

RBI Governor Sanjay Malhotra reaffirmed the central bank’s stance even as a government committee reviews policy options and the Supreme Court presses for clearer guidelines. The tension highlights India’s ongoing regulatory deadlock, where legal, judicial, and financial forces continue to clash over the future of digital assets.

Malhotra underlined during a news conference following the announcement that the RBI is still concerned about the possible threats that cryptocurrencies could pose to monetary policy and financial stability.

“RBI has maintained a consistent stance on this issue. A [government] committee is currently examining the matter. We remain concerned about the potential risks crypto poses to financial stability and monetary policy,” Malhotra said.

The comments come as a government committee continues examining cryptocurrency regulation. India is also expected to release a comprehensive policy discussion paper in June 2025 following mounting pressure from the Supreme Court for regulatory clarity.

India’s Supreme Court pushes for comprehensive regulation

In recent proceedings, the Supreme Court has questioned the government’s delay in establishing clear cryptocurrency policies. The justices also noted the absence of proper regulatory frameworks has created confusion in the digital asset space.

Given the advancements in the global financial system, a Supreme Court bench led by Justices Surya Kant and N Kotiswar Singh stated that prohibiting cryptocurrencies is not feasible.

The country has maintained an ambiguous stance since the Supreme Court overturned RBI’s 2018 banking ban on cryptocurrency transactions in March 2020.

India’s cryptocurrency regulation saga began in 2018 when RBI issued a circular prohibiting banks and financial institutions from providing services to cryptocurrency businesses.

The prohibition was later struck down by the Supreme Court in March 2020. The court ruled that the banking ban was disproportionate and violated constitutional rights under Article 19(1)(g) of the Indian Constitution.

Following the court ruling, RBI instructed banks not to block cryptocurrency transactions based on the invalidated circular. This provided a temporary relief to the crypto industry.

RBI’s persistent opposition to private cryptocurrencies

Despite legal setbacks, RBI Governor Shaktikanta Das has consistently characterized cryptocurrencies as posing “huge risks to financial stability” and called them a “clear danger” to the economic system.

Previous statements from Das suggested that all cryptocurrencies should be banned due to their potential to undermine India’s financial and macroeconomic stability.

The central bank has remained firm in its belief that crypto could undermine India’s financial stability. It has also cited concerns about its use in money laundering and its potential impact on monetary policy effectiveness.

In 2022, India announced a 30% tax on crypto gains and a 1% TDS on cryptocurrency transactions. This remains one of the world’s highest cryptocurrency tax regimes.



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'Crypto markets have been languishing in SEC limbo'
Crypto Trends

‘Crypto markets have been languishing in SEC limbo’

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In one of his first speeches since becoming chair of the US Securities and Exchange Commission (SEC) in April, Paul Atkins addressed some of the regulatory concerns around the cryptocurrency industry.

In prepared remarks for a May 19 speech, Atkins said it was a “new day” for the crypto industry under the current leadership of the SEC. He suggested that the financial regulator would be more open to “adapt to and accommodate new developments” while still abiding by its statutes.

“The crypto markets have been languishing in SEC limbo for years,” said Atkins, adding:

“While I have directed Commission staff across our policy Divisions to begin drafting rule proposals related to crypto, the staff continue to ‘clear the brush’ through staff-level statements.”

Even before Atkins stepped into the role of SEC chair, the commission’s actions under Donald Trump suggested that it would radically depart from the direction of former chair Gary Gensler. In 2025, the SEC has dropped several investigations and enforcement actions against crypto companies and issued guidance on memecoins and security tokens.

Related: CFTC commissioner to leave agency on May 31

“As I begin my tenure as Chairman, I can tell you that we are getting back to our roots of promoting, rather than stifling, innovation,” said Atkins. “The markets innovate, and the SEC should not be in the business of telling them to stand still.”

Looking to Congress for market structure

Atkins’ remarks came as US lawmakers considered draft legislation to establish a regulatory structure for crypto markets. The proposed bill, moving through the House of Representatives, could clarify the roles the SEC and Commodity Futures Trading Commission (CFTC) have in overseeing and regulating digital assets.

Until the legislation passes Congress and is signed into law, the SEC’s rules and guidelines over crypto could face pushback from affected parties.

The SEC chair has given opening remarks and overseen the commission’s roundtable events, discussing regulatory issues surrounding digital assets and blockchain. The next event, scheduled for June 9, will cover decentralized finance.

Magazine: SEC’s U-turn on crypto leaves key questions unanswered 



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