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Crypto users launch lawsuit against Mercedes F1 team

Article To news overview © XPBimages According to a new lawsuit by a group of FTX users, the Mercedes F1 team and Major League Baseball (MLB) are alleged to have helped commit fraud through promotional deals involving the cryptocurrency FTX. On November 27, the plaintiffs filed two class-action lawsuits in a Florida court, accusing the firms of “aiding and abetting and/or actively participating in the FTX Group’s massive, multibillion-dollar global fraud” and promoting unregistered securities, according to Cointelegraph. Mercedes entered into a partnership with FTX in 2021 with the cryptocurrency's logo appearing on the car livery as well as the team overalls. The deal was announced...
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2mo ago from RacingNews365.com 0
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