News Details

Crypto sponsor collapse could affect ‘every F1 team' – Wolff

Dec.2 Every team may ultimately be affected by the high-profile and shock demise of the crytocurrency exchange FTX. The logos of the Bahamas-based company were removed from Mercedes' works Formula 1 cars as FTX spectacularly crashed. But most of the other teams also have crypto deals in place, including Ferrari (Velas), Alpine (Binance), Red Bull (Bybit), Alfa Romeo (Floki), Alpha Tauri (Fantom), McLaren (Tezos) and Aston Martin, whose sponsor crypto.com is also a global Formula 1 sponsor. 'Every team has sponsors like that and so does the Formula 1 organisation,' Mercedes team boss Wolff told Speed Week. When asked about the prospect of a devastating crypto collapse, he added: 'Everyone...
Full Story »
Share

You May Also Be Interested In...

Turmoil in crypto world, but no major impact on F1...

There is currently turmoil in the world of crypto. According to Zak...
6mo ago from GPBlog.com

Brown convinced major crypto players will stay afloat...

There is currently turmoil in the world of crypto. According to Zak...
6mo ago from GPBlog.com

Wolff calls for greater crypto regulation after FTX...

Article To news overview © XPBimages Mercedes Team Principal Toto Wolff...
6mo ago from RacingNews365.com

‘I didn't do it on purpose': Guenther Steiner to...

It has incredibly been revealed that Haas boss Guenther Steiner caused...
6mo ago from Formula1News.co.uk

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

PHOTOS: Detroit Grand Prix Friday

Arrow McLaren's Pato O'Ward set the fastest time in opening practice,...
4h ago from SpeedCafe.com

Ferrucci calls for more common sense rules for unique...

The new downtown Detroit street course for IndyCar’s race this weekend...

Pato O’Ward fastest in opening Detroit IndyCar...

Several red flags interrupted the 90-minute session as drivers became...
12h ago from SpeedCafe.com

O’Ward fastest as drivers struggle to master new...

A full set of 27 IndyCar drivers tackled the brand new street course...
14h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.