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FTX, one of the world’s largest crypto exchanges, has been buffeted by a rush of customer withdrawals and is scrambling to raise about $9.4 billion from investors and rivals, a source said on Thursday.
Mercedes, then the reigning Formula One champions, signed a sponsorship deal with FTX in September, 2021.
A team spokesman said they were evaluating the situation and branding would be staying on the race cars of seven-times world champion Lewis Hamilton and fellow-Briton George Russell for the time being.
The weekend’s race at Interlagos is the penultimate round of the season, which finishes in Abu Dhabi on Nov. 20.
