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The Guardian - AU

Sport

Josh Taylor

AFL stands by Crypto.com partnership amid fears of a cryptocurrency meltdown

Crypto AFL FTX Cryptocom Singapore

AFL chief executive Gillon Mclachlan — AFL chief executive Gillon Mclachlan. The AFL signed a five-year sponsorship deal with Crypto.com earlier this year. Photograph: Darrian Traynor/Getty Images

The AFL is sticking by its Crypto.com partnership amid fears the company could be caught up in a market spiral after the collapse of FTX.

Last week FTX, one of the world’s largest cryptocurrency exchanges, filed for bankruptcy after the value of its cryptocurrency collapsed, triggering the crypto equivalent of a bank run, with investors seeking to withdraw their funds from the platform.

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