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 States, while the company’s chief executive🐓 officer, Sam Bankman-Fried, has resigned.
With the firm seeking around $9bn t﷽o save itself from insolvency after a rescue bid from rival exchange Binance collapsed earlier this week, FTX us💙ers 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5最新开奖结果:Sao Paulo Grand Prix.
“As a first step, we have suspended our partnership agre🎐ement with FTX,” 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 continue to monitor closꦕely the situation as🐻 it evolves.”
Mercedes signed the sponsorship deal with FTX in September last yea✨r amid a recent influx of crypto sponsors in F1.
Red Bull signed a 168澳洲5最新开奖结果:record $15💖0m sponsorship deal with Bybiไt earlier this🐠 year, while Ferrari, Alpine, McLaren, Aston Martin, AlphaTauri and Alfa Romeo also have crypto partners.
Lewis regularly attends Grands Prix for wuqian0821.com around the world. Often reporting oꦅn the action from the ground, Lewis t🌃ells the stories of the people who matter in the sport.
