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Mercedes F1 team left in “disbelief” over FTX collapse

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

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