Confirmation came from the mouth of the CEO herself - according to my source - who said that an investor backed out recently, and that Razer (and the parent company, Karna) was unable to stay afloat without the support

However a couple of days ago (in an entirely different thread) when the topic of CPL having troubles finding other backers was mentioned, the CEO of CPL Angel Munoz had this to say:.

We are up to almost $300,000 in cash prizes just for the US events (one more to be announced), add the international events and that number increases to $450,000 in cash. I think that says it all.