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...
3y 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....
3y ago from OneStopStrategy.com
Mercedes: Racing in the mid-pack is an adjustment for...
Mercedes' Trackside Engineering Director, Andrew Shovlin admitted the...
3y ago from GrandPrix247.com
Formula 1 targeting new airline sponsor following...
Change is certainly in the air with Formula 1, following a report...
3y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Honda’s Joan Mir believes Ducati has given rivals a...
No description available...
14h ago from Motorsport.com
How Ducati sent a warning to its MotoGP rivals at...
No description available...
18h ago from Motorsport.com
Pedro Acosta rates Sepang MotoGP test “six out of...
No description available...
19h ago from Motorsport.com
Popular On IndyCarToday.com
Zak Brown “would love” Indy 500 reunion with...
No description available...
1d ago from Motorsport.com
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
2d ago from MotorsportWeek.c...
Arrow McLaren officially opens doors to new home in...
No description available...
1d ago from Motorsport.com
Mick Schumacher building confidence after first...
Mick Schumacher completed his first oval laps in an IndyCar on Wednesday...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
14h ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
1d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
3d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal plot summer coup for 'incredible' talent who...
Arsenal are interested in signing the Bournemouth attacker Eli Junior...
9h ago from CaughtOffside.com
Arsenal latest: Merson - Gunners players don't trust...
No description available...
10h ago from SkySports.com
Arsenal & Real Madrid queue for 90m star as agent...
Newcastle United midfielder Sandro Tonali has been linked with a move away...
9h ago from CaughtOffside.com
Has the Premier League's TV Deal Made Mid-Table Clubs...
The Premier League’s 2025-29 deal was worth £6.7 billion. Have the vast...
13h ago from CaughtOffside.com
Comments
Hottest News
F1: Engine row reaching crisis point?
Before a wheel has turned in anger, the start of... Read More »
13h ago from Pitpass.com
Christian Horner reveals why Daniel Ricciardo was never an...
Former Red Bull F1 boss Christian Horner has... Read More »
8h ago from GPFans.com
Lando Norris reveals 'problem' of his mum's rising fame
F1 champion Lando Norris has spoken out about the... Read More »
7h ago from GPFans.com
