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Mercedes removes sponsor FTX from car
Mercedes has severed its sponsorship deal with crypto exchange FTX as the trading platform faces major financial problems. A Mercedes spokesperson announced this to Motorsport.com. The team will race in Brazil for the first time without the sponsor's stickers. Article continues under ad FTX is currently in big trouble. The crypto-currency trading exchange is facing an eight-billion-euro deficit. As a fallback, the company was supposed to be taken over by rival Binance, also sponsor of Alpine, but it was announced on Wednesday night that this will not happen. The crisis at the trading platform has caused the entire crypto market to collapse and almost all crypto-currencies to plummet in...
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1y ago from GPBlog.com
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