Mercedes will remove FTX logos from the team's cars from the Brazilian Grand Prix
Mercedes withdrew their Formula 1 sponsorship with the crisis hit crypto exchange FTX
An investigation by USA's Security And Exchange Commission (SEC) alleged that the misuse of customer deposits, Mercedes has taken the action
"As a first step, we have suspended our partnership agreement with FTX", said Mercedes
Just after announcing the decision of Mercedes, the Founder, and CEO Sam Bankman-Fried resigned from his role
FTX was also the official Cryptocurrency brand of the Major League Baseball