- The Mercedes Formula One team confirmed they will continue to display the FTX logo on their cars during this weekend’s Sao Paulo Grand Prix in Brazil, but they will be closely monitoring any changes.
- According to reports, FTX is scurrying to raise $9.4 billion from investors and competitors.
- The CEO of FTX informed his team that he was looking for a capital raising after Binance withdrew its offer.
Despite the crypto exchange turmoil, the Mercedes F1 team still uses the FTX branding.
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