News Details
Mercedes retaining FTX logos on W13 amid crypto sponsor's collapse
The Mercedes F1 team has retained the presence on its cars in Brazil of sponsor FTX, the cryptocurrency exchange that was dealt a near fatal blow this past week. But the Brackley squad said on Thursday that it was closley monitoring its commercial partner's situation. FTX's sudden liquidity concerns led to a massive outflow of investors' funds, an event that sent shockwaves through the crypto world late on Wednesday. Meanwhile, crypto industry leader Binance, which had struck a deal to acquire and bail out FTX, backed out of its plan after disclosing that a review of FTX’s books had unearthed "mishandled customer funds". Furthermore, reports have emerged that FTX's massive...
Full Story »
Full Story »
You May Also Be Interested In...
Mercedes monitoring situation at bankruptcy-facing FTX
The Mercedes Formula 1 team said on Thursday they were keeping the...
3y ago from GrandPrix247.com
Two major sponsors set to leave F1
Nov.11 Two major sponsors in Formula 1 look set to exit the sport....
3y ago from OneStopStrategy.com
Mercedes: Racing in the mid-pack is an adjustment for...
Mercedes' Trackside Engineering Director, Andrew Shovlin admitted the...
3y ago from GrandPrix247.com
Formula 1 targeting new airline sponsor following...
Change is certainly in the air with Formula 1, following a report...
3y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Marco Bezzecchi on US GP chances: Marc Marquez’s...
No description available...
2h ago from Motorsport.com
Maverick Vinales still struggling with injury; to...
No description available...
2h ago from Motorsport.com
Francesco Bagnaia on Brazilian GP debacle: MotoGP must...
No description available...
3h ago from Motorsport.com
MotoGP chiefs visit Buenos Aires construction site...
No description available...
9h ago from Motorsport.com
Popular On IndyCarToday.com
How to watch IndyCar at Barber: Weekend schedule,...
No description available...
2h ago from Motorsport.com
Andretti boss explains Will Power’s steep transition...
No description available...
6h ago from Motorsport.com
IndyCar changes Arlington results, penalizing Kyffin...
No description available...
1d ago from Motorsport.com
Ed Carpenter set for one-off Indy 500 run with...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
How Toyota’s new flying Finn is starting to make WRC...
No description available...
7h ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
13h ago from Motorsport.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
3d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Man United plot shock raid on Premier League rivals...
Myles Lewis-Skelly has been linked with a move away from Arsenal at the...
2h ago from CaughtOffside.com
Everton join race as Newcastle push to sign...
Newcastle United are interested in signing the Arsenal defender Ben White...
4h ago from CaughtOffside.com
Arsenal plotting 50m swoop for Frenchman after...
Arsenal are interested in signing the Sunderland midfielder Enzo Le Fee....
5h ago from CaughtOffside.com
Arsenal star Kai Havertz makes stance clear on future...
Arsenal attacker Kai Havertz has opened up on his future at the Emirates...
6h ago from SportsKeeda.com
Comments
Hottest News
FIA confirm 'extensive' Ferrari inspection ahead of...
The FIA have announced the outcome of an... Read More »
2h ago from GPFans.com
Kim Kardashian at the Japanese Grand Prix? F1 fans think...
F1's seriously dedicated social media sleuths... Read More »
1h ago from GPFans.com
FIA storm after Mercedes F1 disqualification verdict
Mercedes admitted ahead of the Japanese Grand... Read More »
53m ago from GPFans.com
