Mercedes F1 SUSPENDS Partnership With Collapsing Cryptocurrency Exchange FTX

he Mercedes Formula One team said today they had suspended a partnership agreement with troubled cryptocurrency exchange FTX ahead of the season's penultimate race in Brazil.

FTX, one of the world's largest crypto exchanges, later announced they are filing for bankruptcy and CEO Sam Bankman-Fried has resigned.

Mercedes signed a multi-year sponsorship deal with FTX in September 2021 when they were the reigning champions.

Read Article