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
Marc Marquez undergoes shoulder surgery after...
No description available...
1h ago from Motorsport.com
Aprilia interested in Miguel Oliveira as MotoGP test...
No description available...
23h ago from Motorsport.com
Repsol set to return to world championship after Honda...
No description available...
2d ago from Motorsport.com
Marini: Honda 2026 MotoGP bike already better than...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Why McLaren is suing reigning IndyCar champion for $20...
The court case centred on McLaren Racing and 2025 IndyCar Champion Alex...
20h ago from MotorsportWeek.c...
Lochie Hughes secures IndyCar reserve role with...
Andretti Global has announced a continued partnership with Lochie Hughes...
5d ago from MotorsportWeek.c...
IMSA’s AO Racing considering expansion, possibly...
AO Racing, one of the more popular teams racing in IMSA currently, is...
1w ago from MotorsportWeek.c...
Five IndyCar teams jump start offseason testing at...
Five different IndyCar teams completed a test at Mid-Ohio Sports Car...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
The challenges Kalle Rovanpera will face in...
No description available...
2d ago from Motorsport.com
Ott Tanak reverts to older-spec Hyundai for WRC’s...
No description available...
3d ago from Motorsport.com
Kalle Rovanpera to leave WRC for Super Formula in 2026
No description available...
4d ago from Motorsport.com
Kalle Rovanpera quits rallying
Toyota Gazoo Racing World Rally Team driver Kalle Rovanperä has...
4d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Manchester United ready to offer 90 million for...
Manchester United are reportedly plotting a move to sign Chelsea and...
25m ago from SportsKeeda.com
Colombia hoping to convince Arsenal star to change...
Arsenal star Cristhian Mosquera is reportedly being poached by Colombia.
25m ago from SportsKeeda.com
“He has to be top” - Joleon Lescott names Arsenal...
Pundit Joleon Lescott has revealed what he believes Arsenal's Premier...
3h ago from SportsKeeda.com
Sources: Tottenham & Arsenal are monitoring...
One of Europe’s brightest young midfield prospects is starting to...
5h ago from CaughtOffside.com
Comments
Hottest News
Ferrari supremo issues powerful statement and it's great...
Ferrari chairman John Elkkan has delivered a... Read More »
3h ago from GPFans.com
Ecclestone: Piastri is the best after Verstappen
Former Formula 1 Supremo Bernie Ecclestone... Read More »
55m ago from GrandPrix247.com
Alpine confirm F1 driver most likely to replace Franco...
Alpine managing director Steve Nielsen has... Read More »
4h ago from GPFans.com
