.MercedesAMGF1 has reportedly ditched its partnership with FTX_Official
This means that FTX logos will no longer appear on the team's cars and drivers during the Brazilian Grand Prix this weekend.
signed a long-term sponsorship deal with one of the most successful racing teams back in September 2021. The high-profile partnership was supposed to span several racing seasons.Trust Army Initiative Introduced by Cybersecurity Innovator Hacken The home building of the Miami Heat professional basketball team is now expected to get a new name sooner than anticipated. FTX paid $135 million to rename the American Airlines Arena to the FTX Arena last March. The logo of the exchange appeared on the arena's roof just a month before its apparent implosion.
Miami-Dade County recently voiced its concerns about FTX's financial situation, and it is now exploring possible next steps. FTX also spent hundreds of millions of dollars on deals with professional esports organization TSM andThe fate of these prestigious partnerships remains unknown as FTX, which was valued at $32 billion earlier this year, now appears to be on the cusp of bankruptcy. It is likely that more brands will seek to distance themselves from the exchange amid the turmoil.
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