Mercedes F1 team left in “disbelief” over FTX collapse

formula 1

The German manufacturer made the decision to suspend its sponsorship deal with FTX on the eve of the Brazilian Grand Prix in the wake of the company’s much-publicised troubles.
FTX was engulfed by a liquidity crisis and eventually filed for bankruptcy after it was left with an $8 billion financial black hole.
The company’s troubles triggered a meltdown in the crypto markets and have …Keep reading Source

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