After staff defections and general developer drama earlier this year, there really wasn’t much hope for the future of Greed Monger. Now there is no hope whatsoever, as the team has run out of funds and is unable to even get a smaller title out the door to backers.

Programmer James Proctor delivered the bad news to the community: “With no means of funding and Jason [Appleton] refusing to take GM back from us, we are forced to admit defeat and close GM down […] I’m sorry things have had to end this way and will do everything in our power to make things right in the future.”

Greed Monger raised over $100,000 in crowdfunding in 2012, promising that it would create “a crafting-focused sandbox MMORPG.”