Mercedes F1 team suspends deal with troubled crypto sponsor FTX
FTX, one of the world’s bigg🔯est crypto exchanges, is commencing bankruptcy proceedings in the🎉 United States, while the company’s chief executive officer, Sam Bankman-Fried, has resigned.
With the firm seeking around $9bn to save itself from insolvency after a rescue bid from rival exchange Binance collapsed♕ earlier this week, FTX users have been scrambling to withdraw their investments.
Amid the continued downfall for one of the most powerful players in crypto, Mercedes have pulled their partnership with the US-firm on the eve of the 168澳洲幸运5官方开奖结果历史:Sao Paulo Grand Prix.
“As a first step, we have suspended our partnership agreement with FTX,” a Mercedes spokesperson said on F🦋riday.
“This means the company will no longer appear on our race car and other branded assets from this weekend🌟. We will continue to monitor closely the situation as it evolves.”
Mercedes signed the sponsorship deal with FTX in September last year amid a recent influx of crypto sponsors in F1.&nb𒐪sp;
Red Bull signed a 168澳洲幸运5官方开奖结果历史:record $150m sponsors♑hip deal with Bybit earl❀ier this year, while Ferraဣri, Alpine, McLaren, Aston Martin, AlphaTauri and Alfa Romeo also have crypto partners.
Lewis regularly attends Grands Prix for mahbx.com around the world. Often reporting on the action from the ground, Lewis tells the stories of the people wh💖o matter in the sport.
