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
What is going on with Francesco Bagnaia in MotoGP?
No description available...
19h ago from Motorsport.com
Jorge Martin explains contrast between his MotoGP...
No description available...
14h ago from Motorsport.com
Alex Márquez wins Catalan Grand Prix to end...
t;li>Marc Márquez’s winning streak ends at home grand prixAlex...
2d ago from TheGuardian.com
How Max Verstappen and Lewis Hamilton are racing to...
No description available...
22h ago from Motorsport.com
Popular On IndyCarToday.com
Christian Lundgaard calls first McLaren season a...
No description available...
12h ago from Motorsport.com
Rinus VeeKay separates from Dale Coyne Racing
Rinus VeeKay will not race with Dale Coyne Racing next season after...
1w ago from MotorsportWeek.c...
Colton Herta leaves IndyCar to pursue F1 with Cadillac...
The Cadillac F1 Team has announced that it has hired IndyCar star Colton...
6d ago from MotorsportWeek.c...
Will Power to replace Colton Herta at Andretti in 2026
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
1w ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
1w ago from Motorsport.com
Sebastian Ogier wants WRC title by “winning...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
“Just cash in and sell him” - Martin Odegaard...
Arsenal captain Martin Odegaard has revealed that he would opt to sell...
11h ago from SportsKeeda.com
'I think that's deranged' - Arsenal legend hits back...
Former Arsenal defender Martin Keown has claimed that Peter Schmeichel's...
18h ago from SportsKeeda.com
Report: Crystal Palace have agreement in place to land...
Crystal Palace are set to sign Dan Casey from Arsenal. According to a...
9h ago from CaughtOffside.com
Report: Arsenal looking to land 24-year-old...
Real Madrid are interested in signing the VfB Stuttgart midfielder Angelo...
11h ago from CaughtOffside.com
Comments
Hottest News
F1 News Today: Hamilton and Verstappen in ownership...
F1 stars Lewis Hamilton and Max Verstappen are... Read More »
38m ago from GPFans.com
Red Bull facing 'sleepless nights' after damning Toto Wolff...
Red Bull boss Laurent Mekies has responded to... Read More »
1h ago from RacingNews365.com
Rosberg: Piastri avoided 'disaster' - but would Nico have...
"Both routes were bad." Read More »
28m ago from SkySports.com
