Luxury automobile brand Mercedes has suspended its partnership with FTX; removes logos from F1 cars. Mercedes suspends deal with FTX World-class German car company Mercedes has suspended its Formula 1 sponsorship deal with crisis-hit crypto exchange FTX. According to a report published yesterday, November 11, Mercedes’ logos will be removed from the team’s cars from the Brazilian Grand Prix. Less than 24 hours after the falling crypto giant filed for bankruptcy, the Mercedes Formula One racing team, Mercedes-AMG Petronas, announced on Friday that it had suspended its partnership with crypto exchange FTX. According to AutoSports, the team will remove the
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Author: NixCoin