News Details

Revealed: Mercedes hit with lawsuit over ‘multibillion-dollar global fraud'

Mercedes are facing a lawsuit from users of the now-bankrupt FTX, who sponsored the Silver Arrows from 2021 until November 2022. FTX filed for bankruptcy towards the end of 2022 which left Mercedes in 'disbelief'; however, it's now the Brackley-based team who are facing issues. Users of FTX have filed a lawsuit against Mercedes and Major League Baseball (MLB), who were both partners of the crypto exchange site. The twin-class lawsuits were filed in Florida on November 27, with Mercedes and MLB having been accused of “aiding and abetting and/or actively participating in the FTX Group’s massive, multibillion-dollar global fraud” as well as promoting unregistered securities. Want to...
Full Story »
Share

You May Also Be Interested In...

McLaren driver admits guilt in $23 million lawsuit

Reigning IndyCar Champion Alex Palou has admitted that he violated his...
1y ago from Formula1News.co.uk

F1 and Mercedes facing lawsuit over cryptocurrency...

As the legal battle unfolds over the alleged $11 billion fraud at...
1y ago from GPFans.com

F1's million dollar prize pot: this is how much prize...

Article To news overview © Red Bull Content Pool Although the prize pot...
1y ago from RacingNews365.com

Mercedes in court! 'Participation in billion-dollar...

Mercedes' Formula 1 team is being sued by users of FTX, a crypto exchange...
1y ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar Portland – Race Results

The final road course event of the 2025 IndyCar season was contested on...

Chip Ganassi: ‘We’re spoiled’ having drivers...

Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...

Alex Palou clinches title, becomes IndyCar’s newest...

Alex Palou is the champion of the 2025 NTT IndyCar Series, having locked...

Popular On TotalWRC.com

Kalle Rovanperä hits the jackpot

Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...

Popular On GunnersToday.com

“I think that is what is important” - Sesko says...

New Manchester United signing Benjamin Sesko has outlined his strengths...
1h ago from SportsKeeda.com

Sources: La Liga club could offer Arsenal misfit...

Arsenal are ready to consider offers for left-back Oleksandr Zinchenko as...
1h ago from CaughtOffside.com

William Saliba names forward with just 35 appearances...

Arsenal defender William Saliba has firmly placed his stamp on the GOAT...
22m ago from SportsKeeda.com

Report: Aston Villa in talks to sign Arsenal attacker

Aston Villa are exploring the opportunity to add attacker players to their...
2h ago from CaughtOffside.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.