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 »
Full Story »
2y ago from Formula1News.co.uk
0
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...
2y ago from Formula1News.co.uk
F1 and Mercedes facing lawsuit over cryptocurrency...
As the legal battle unfolds over the alleged $11 billion fraud at...
2y 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...
2y 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...
2y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Toprak Razgatlioglu admits MotoGP adaptation...
Toprak Razgatlioglu has admitted that his adaptation to MotoGP feels...
17h ago from MotorsportWeek.c...
2027 MotoGP bikes may not be slower at half the...
No description available...
18h ago from Motorsport.com
VR46 approached by Aprilia for 2027 but new Ducati...
No description available...
1d ago from Motorsport.com
Jerez hosts three days of private MotoGP testing with...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Conor Daly snags Indy 500 ride with Dreyer and Reinbold
Dreyer and Reinbold Racing has announced that Conor Daly will drive for...
13h ago from MotorsportWeek.c...
Conor Daly set for Indy 500 run with Dreyer & Reinbold...
No description available...
13h ago from Motorsport.com
Winners and losers from an action-packed IndyCar race...
No description available...
1d ago from Motorsport.com
IndyCar reveals track design for Washington D.C. event
IndyCar has revealed the track design for the newly-added event in...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hankook introduces new WRC tyre at Safari Rally Kenya
No description available...
13h ago from Motorsport.com
Toyota tips Hyundai to fight back in WRC 2026
No description available...
1d ago from Motorsport.com
Hyundai's WRC upgrade plan to close the gap to Toyota
No description available...
2d ago from Motorsport.com
Why Hyundai WRC team is "working at 120 per...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
'I can guarantee…': Romano drops major update on...
Ethan Nwaneri has been linked with a move away from Arsenal in recent...
5h ago from CaughtOffside.com
Arteta fumes at Arsenal's set-piece defending as...
Mikel Arteta was unhappy with Arsenal's set-piece defending after Bayer...
4h ago from SkySports.com
Arteta frustrated as Arsenal draw with Leverkusen |...
Sky Sports' Nick Wright rounds up a frustrating night for Mikel Arteta as...
6h ago from SkySports.com
Arsenal hang on against Mansfield to make FA Cup last...
Arsenal survived a major scare against League One Mansfield to progress...
5h ago from SkySports.com
Comments
Hottest News
Aston Martin F1 team 'on their knees' as Newey opens up on...
Adrian Newey has opened up about the sheer... Read More »
8h ago from GPFans.com
Williams 'shocked' by clever Mercedes trick in new F1...
Williams is one of four teams using a supply of... Read More »
11h ago from RacingNews365.com
Oscar Piastri secures unwanted F1 Triple Crown after...
Since making his chaotic entrance to F1 with... Read More »
5h ago from GPFans.com
