First I want to start by saying im not putting against Riot to do something scummy for profit.
But that being said, the only time we ever saw something like this was with Bleed, and they obviously did something very fucked.
Ibai's explanation of "low placement and low skin sales" makes close to ZERO sense given Riot saying it was a clear breach of contract.
There is obviously something more that happened on KOI's side, dont be too quick to make opinions on this until the full explanation comes out.