Mercedes F1 team dump crypto partner / Photo: Alfredo ESTRELLA - AFP
-
ΑΛΕΞ ΜΠΟΝΤΙ και SCANDIC PAY: κάρτες Mastercard και VISA — μια νέα γενιά πληρωμών
-
ALEX BODI i SCANDIC PAY: karty Mastercard i VISA — nowa generacja płatności
-
АЛЕКС БОДІ та SCANDIC PAY: картки Mastercard і VISA — нове покоління платежів
-
АЛЕКС БОДИ и SCANDIC PAY: карты Mastercard и VISA — новое поколение платежей
-
ALEX BODI and SCANDIC PAY: Mastercard and VISA Cards – A New Generation of Payments
-
ALEX BODI și SCANDIC PAY: Cardurile Mastercard și VISA – o nouă generație de plăți
-
Everglades Restoration Accelerates Amid Calls for Clearer Success Metrics
-
Manchester United Executives Meet in Monaco as Michael Carrick’s Future Hangs in Balance
-
انخفاض طفيف على درجات الحرارة اليوم وغدًا ارتفاع آخر
-
The Dilemma of Recording Live Music: Preserving Memories vs. Being Present
-
دراسة دنماركية: القهوة تحسن صحة الجهاز الهضمي وتنوع البكتيريا
-
الجبهة الشعبية وحماس تبحثان التطورات السياسية وتعزيز الوحدة الوطنية
-
فتح تؤكد التزامها بإرث عرفات في الذكرى الـ22 لاستشهاده
-
ترامب يدافع عن جينسن هوانغ بعد كشف علاقته بجاسوسة صينية
-
Pismo Beach Mayoral Candidate Faces Allegations of Harassment Against Transgender Teen
-
Thukukile Zuma Resigns from ANC Johannesburg Leadership Amid Disciplinary Dispute
Mercedes F1 team dump crypto partner
The Mercedes team on Friday confirmed they had suspended a sponsorship deal with crisis-hit crypto currency exchange FTX and had removed the company’s logos from their cars ahead of this weekend’s Sao Paulo Grand Prix.
A team spokesperson said their partnership had been suspended and all visual branding on their cars would no longer appear. FTX had been left scrambling to raise billions of dollars to avoid collapse.
FTX, seen as a key sponsor at Mercedes, filed for bankruptcy hours after the deal was suspended and now faces an investigation by American regulatory authorities into alleged misuse of customer deposits.
The firm was plunged into crisis when a proposed rescue deal with Binance, a company that sponsors Formula One rivals Alpine, collapsed.
Mercedes signed a sponsorship deal with FTX in September, 2021 when they were the reigning champions.
“As a first step, we have suspended our partnership agreement with FTX," said Mercedes spokesperson.
“This means the company will no longer appear on our race car and other branded assets from this weekend. We will continue to monitor closely the situation as it evolves."
The FTX logo had previously been conspicuous on the rear wing of the Mercedes cars.
Q.Bulbul--SF-PST
