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Autosport
Autosport
Sport
Jonathan Noble

Mercedes suspends FTX sponsor deal; removes logos from F1 cars

Amid the now confirmed bankruptcy of the FTX exchange, and a looming investigation of it by the USA's Securities and Exchange Commission (SEC) over the alleged misuse of customer deposits, Mercedes has taken action to the fast-changing situation.

While it had initially appeared that Mercedes would be keeping the FTX logos on its cars and assets for the Interlagos weekend, a team spokesman confirmed to Autosport on Friday morning in Brazil that it had put a stop to the deal.

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