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Key Mercedes F1 sponsor files for bankruptcy
Article To news overview © XPBimages A key sponsor of the Mercedes Formula 1 team, FTX, has filed for bankruptcy, hours after the team suspended its deal with the cryptocurrency business. FTX is facing an investigation by American authorities after allegedly misusing customer deposits. The firm was plunged into crisis over the past week with a proposed to deal to be rescued by Binance, who sponsor Alpine, falling through. The cryptocurrency exchange company has prominent branding on the Mercedes W13 and driver race suits, but the eight-time Constructors' Champions have removed all FTX logos ahead of the Brazilian Grand Prix weekend. The absence of the logo on the rear wing can be seen in...
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1y ago from RacingNews365.com
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