FTX Collapse zal nadelige gevolgen hebben voor F1-teams: Mercedes-teamhoofd
- Toto Wolff, de CEO van Mercedes-AMG Petronas F1 Team, verklaarde dat veel F1-teams getroffen kunnen worden door het instorten van FTX.
- Wolff remains a firm believer in blockchain and crypto space but was in “utter disbelief” when the multi-billion dollar firm collapsed.
- De uitvoerende macht voegde eraan toe dat de implosie van de crypto-uitwisseling laat zien hoezeer de industrie regulering nodig heeft.
- Mercedes heeft FTX uit zijn auto's en andere activa verwijderd na het beëindigen van de samenwerking met de beurs.
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.
Een van de deals werd gesloten met het Mercedes-AMG Petronas F1-team en het logo van FTX werd weergegeven op de auto's die werden bestuurd door enkele van de meest populaire en bekende racers over de hele wereld, waaronder Lewis Hamilton en George Russel. Interessant is dat Mercedes de samenwerking met de beurs begin november beëindigde toen het faillissement en bescherming tegen schuldeisers aanvroeg.
in een interview, 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 FTX-token (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 faillissement aanvragen en Binance trekt zich terug uit een overnamedeal.
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 gezegd dat hij een groot voorstander blijft van crypto- en blockchain-technologie.
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.