Il crollo dell'FTX avrà effetti negativi sui team di F1: capo del team Mercedes

• Toto Wolff, CEO di Mercedes-AMG Petronas F1 Team, ha dichiarato che molti team di F1 potrebbero essere colpiti dal crollo dell'FTX.
• Wolff remains a firm believer in blockchain and crypto space but was in “utter disbelief” when the multi-billion dollar firm collapsed.
• Il dirigente ha aggiunto che l'implosione dello scambio di criptovalute mostra quanto l'industria abbia bisogno di regolamentazione.
• Mercedes ha rimosso FTX dalle sue auto e da altri asset dopo aver abbandonato la partnership con lo scambio.

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The CEO of Mercedes-AMG Petronas F1 Team, Toto Wolff, has stated that the collapse of the former multi-billion dollar crypto exchange FTX can adversely affect many F1 teams. During its dominance as one of the largest crypto firms across the earth, the trading venture of Sam Bankman-Fried (“SBF”) made several marketing deals to attract the attention of investors.

Uno degli accordi è stato stipulato con il Mercedes-AMG Petronas F1 Team e il logo di FTX è stato esposto sulle auto guidate da alcuni dei piloti più famosi e conosciuti in tutto il mondo, tra cui Lewis Hamilton e George Russel. È interessante notare che Mercedes ha concluso la partnership con lo scambio all'inizio di novembre quando ha presentato istanza di fallimento e protezione dai creditori.

In un colloquio, the Mercedes F1 team’s boss stated that many teams were connected with FTX and the collapse of the exchange could ignite a fire which would bring these teams trouble.

“Each team has such sponsors and the F1 organization as such. So everyone would be affected. FTX was considered a solid company, whose bankruptcy is a huge damper not only for us, but for the entire crypto industry. This bankruptcy, with a $ 8 billion shortfall, shows that the entire industry is uncontrolled,” said Wolff.

FTX showed signs of troubled when the CEO of the world’s biggest crypto exchange Binance, Changpeng Zhao, stated that he would sell his firm’s stake of Token FTX (FTT). This caused a panic in the market which led to many people selling their tokens. Interestingly, almost all of the exchange’s worth was in FTT and in one day, the platform saw an outflow of $4 billion. This eventually led to a liquidity crunch leading to the scambio di istanza di fallimento e Binance si ritira da un accordo di acquisizione.

Mercedes announced that it would cut all ties with the exchange, and Wolff said at that time that the automobile firm was in “utter disbelief” and added that the sector needs regulation. The F1 team removed FTX from the cars and other assets. However, Wolff disse che rimane un convinto sostenitore della tecnologia crittografica e blockchain.

Wolff said that the crypto space is unregulated and added that “it needs to find its way into regulations because there’s so many customers, investors and partners like us [Mercedes] that have been left in utter disbelief at what has happened.”

“As a first step, we have suspended our partnership agreement with FTX. This means the company will no longer appear on our race car and other branded assets from this weekend. We will continue to monitor closely the situation as it evolves,” Mercedes announced earlier.

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