In brief F1 team Mercedes-AMG Petronas said today that it has suspended its sponsorship deal with crypto exchange FTX. FTX filed for bankruptcy protection today, days after acknowledging a liquidity crunch and attempting to have Binance acquire it. Cryptocurrency exchange FTX spent big on sports sponsorships, and we’re starting to see the fallout from those deals as the firm collapses amid a liquidity crunch. Today, popular Formula One team Mercedes-AMG Petronas said that it is suspending its FTX sponsorship deal. Early this morning, ahead of FTX announcing its Chapter 11 bankruptcy fil ...
Continue reading the above news article, by clicking here.
Administration and Moderation NOTE: A Reminder, the above news is provided for free, through a RSS Feed. The above quote does NOT include the full story. In order to continue to read more past what is quoted, please click through to the article, by clicking on the link provided above through the "continue reading" text.
Please be sensible and follow our terms of service and rules, when replying and debating the news article.
Welcome to Admin Junkies