News Details

Crypto sponsor collapse could affect ‘every F1 team' – Wolff

Dec.2 Every team may ultimately be affected by the high-profile and shock demise of the crytocurrency exchange FTX. The logos of the Bahamas-based company were removed from Mercedes' works Formula 1 cars as FTX spectacularly crashed. But most of the other teams also have crypto deals in place, including Ferrari (Velas), Alpine (Binance), Red Bull (Bybit), Alfa Romeo (Floki), Alpha Tauri (Fantom), McLaren (Tezos) and Aston Martin, whose sponsor crypto.com is also a global Formula 1 sponsor. 'Every team has sponsors like that and so does the Formula 1 organisation,' Mercedes team boss Wolff told Speed Week. When asked about the prospect of a devastating crypto collapse, he added: 'Everyone...
Full Story »
Share

You May Also Be Interested In...

Turmoil in crypto world, but no major impact on F1...

There is currently turmoil in the world of crypto. According to Zak...
1y ago from GPBlog.com

Brown convinced major crypto players will stay afloat...

There is currently turmoil in the world of crypto. According to Zak...
1y ago from GPBlog.com

Wolff calls for greater crypto regulation after FTX...

Article To news overview © XPBimages Mercedes Team Principal Toto Wolff...
1y ago from RacingNews365.com

‘I didn't do it on purpose': Guenther Steiner to...

It has incredibly been revealed that Haas boss Guenther Steiner caused...
1y ago from Formula1News.co.uk

Elsewhere On The Network

Popular On MGPToday.com

Ducati: Bastianini's COTA MotoGP podium an...

Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...
14h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Pourchaire to make IndyCar debut in Long Beach with...

Arrow McLaren has announced that the reigning Formula 2 champion Theo...
18h ago from MotorsportWeek.c...

IndyCar's new Aeroscreen makes early debut at Long...

The NTT IndyCar Series will have teams fit a new version of the Aeroscreen...

Popular On TotalWRC.com

Sebastian Ogier tops Croatia Rally shakedown

Sébastien Ogier announced his return to FIA World Rally Championship...
12h ago from MotorsportWeek.c...

Popular On GunnersToday.com

Collymore’s column: Arteta might not be right for...

In his exclusive column for CaughtOffside, former Aston Villa and...
15m ago from CaughtOffside.com

Man United courting £42.8m striking sensation but...

It still isn't clear if Erik ten Hag will be in the Man United hot-seat...
1h ago from CaughtOffside.com

Arsenal to submit offer for 25m-rated Newcastle and...

Arsenal are interested in signing the Fenerbahce defender Ferdi Kadioglu...
1h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.