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Wolff: Utter disbelief at what has happened with FTX
The collapse of crypto exchange FTX has left Formula 1 partners Mercedes in ‘utter disbelief' team principal Toto Wolff calling for the sector to be regulated more diligently. Mercedes suspended the partnership last week, removing FTX sponsorship branding from their cars and other assets ahead of the Brazilian Grand Prix. On Friday, last week FTX filed for bankruptcy after a spell of witnessing customers pull assets while market leader Binance (Alpine F1 team partner) abandoned a rescue offer. Speaking to reporters on a video call after Mercedes finished one-two in the race at Interlagos, Wolff said he remained convinced of crypto's relevance and believed in blockchain. 'But this...
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2y ago from GrandPrix247.com
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