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...
2y 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....
2y ago from OneStopStrategy.com
Mercedes: Racing in the mid-pack is an adjustment for...
Mercedes' Trackside Engineering Director, Andrew Shovlin admitted the...
2y ago from GrandPrix247.com
Formula 1 targeting new airline sponsor following...
Change is certainly in the air with Formula 1, following a report...
2y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin to stay with Aprilia’s MotoGP team...
No description available...
16h ago from Motorsport.com
Alex Marquez surprised by pace as he’s cleared to...
No description available...
16h ago from Motorsport.com
Has Fabio Di Giannantonio set himself up for a...
No description available...
15h ago from Motorsport.com
Fabio Di Giannantonio sets lap record to top second...
Fabio Di Giannantonio set a stunning lap to break the all-time lap record...
18h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Severe weather disrupts IndyCar practice from Iowa
A round of severe weather has delayed the first practice session for the...
12h ago from MotorsportWeek.c...
Will Power’s contract decision on hold due to Team...
Will Power’s contract with Team Penske is up at the end of this season,...
15h ago from MotorsportWeek.c...
IndyCar cancels Friday practice at Iowa Speedway after...
No description available...
10h ago from Motorsport.com
David Malukas braces for the “toughest weekend” of...
No description available...
23h ago from Motorsport.com
Popular On TotalWRC.com
What are Tim Mayer’s chances of winning the FIA...
No description available...
52m ago from Motorsport.com
Supercars Townsville: Broc Feeney bounces back with...
No description available...
42m ago from Motorsport.com
William Sawalich wins ARCA West at Sonoma in surreal...
No description available...
7h ago from Motorsport.com
IndyCar cancels Friday practice at Iowa Speedway after...
No description available...
10h ago from Motorsport.com
Popular On GunnersToday.com
Saturday updates: Madueke medical, Big Vik goes on...
Good morning from a sweltering Dublin. It got to 29C yesterday, which is...
52m ago from Arseblog.com
Taking flight: how Premier League clubs are racking up...
20 teams are jetting around between league seasons, including for...
1h ago from TheGuardian.com
Sources: Arsenal & Chelsea have enquired about...
Arsenal and Chelsea have both enquired about the possible signing of...
2h ago from CaughtOffside.com
Exclusive: 'He only wants to play for Mikel Arteta'...
The deal for Viktor Gyokeres to Arsenal has NOT collapsed, despite the...
17h ago from CaughtOffside.com
Comments
Hottest News
Verstappen-Wolff meeting rumours swirl amid jet and yacht...
Max Verstappen’s future with Red Bull has been... Read More »
1h ago from F1i.com
Laurent Mekies issues telling response to Christian Horner...
New Red Bull F1 team principal Laurent Mekies has... Read More »
52m ago from GPFans.com
F1 News Today: Max Verstappen wants answers as star driver...
Max Verstappen's manager Raymond Vermeulen has... Read More »
2h ago from GPFans.com
