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Tuesday, April 14, 2026

Ashes of Creation Founder Denies Kickstarter Fund Misuse Allegations - games.gg

Steven Sharif calls YouTuber NefasQS a 'mouthpiece' spreading false claims after a video alleged over $12 million in Intrepid Studios funds were misused on personal expenses.

"NefasQS has been fed false and defamatory information by individuals with an axe to grind," Steven Sharif wrote in a statement responding to the latest wave of allegations against him. The founder of Intrepid Studios, the now-defunct team behind Kickstarter MMO Ashes of Creation, is pushing back hard after a YouTube video claimed his company's general ledger shows over $12 million in funds that are “not completely accounted for.”

What the ledger video actually claims

The allegations come from YouTuber NefasQS, who previously surfaced accusations from investor Jason Caramanis that Sharif siphoned millions away from Intrepid while the studio was drowning in debt. Last Friday, NefasQS posted a follow-up video claiming to have "obtained and processed the entire Intrepid Studios general ledger from 2015 to 2026" and compiled the data into a publicly shared Google Sheets document.

The specific claims are eyebrow-raising. According to NefasQS, the ledger shows over $700 spent on Fortnite (filed under R&D, apparently), tens of thousands spent at historical auctions, purchases on trading card websites, and payments to a private chef who, per accounts from former employees, never actually cooked for studio staff. "According to various former employees, there was a private chef hired for the company, but...



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