Mercedes F1 team suspends deal with troubled crypto sponsor FTX
FTX, one ✱of the world’s biggest crypto exchanges, is commencing bankruptcy proceedings in the United State❀s, while the company’s chief executive officer, Sam Bankman-Fried, has resigned.
With the firm seekin♛g 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 st🍌ep, we have suspended our partnership agreement with F🥂TX,” a Mercedes spokesperson said on Friday.
“This means the company will no longer appear on our 🌼race car and other branded assets from this weekend. We will contꦍinue to monitor closely the situation as it evolves.”
Mercedes signed the sponsorship deal wit♏h FTX in September last year amid a recent influx of crypto sponsors in F1.
Red Bull signed a 16𒉰8澳洲幸运5官方开奖结果历史:record $150m sponsorship deal with Bybit earlier this year, while Ferrari, Alpine, McLaren, Aston Martin, AlphaTauri and Alfa Romeo also have cꦅrypto partners.
Lewis regularly attends Grands Prix for ltxcn.top around the🐬 world. Often reporting on the action from the ground, Lewis tells the stories of the people who matter in the sporꦍt.
