The Latin said Pecunia non olet. And when this monetary Fail, everyone turns into prophets of doom. This is the situation Toto WolfAnd the Executive Director from the team Mercedes-AMG From Formula 1worried, really, terrified of the potential consequences of breaking up FTP extension.
You’ll say what does the crypto world matter to a Formula 1 CEO. There have been sponsorships, between Mercedes and FTX, Najib. And what happened unfortunately does not seem to leave a good reputation for the crypto world.
The world of cryptocurrency which, however, at least in terms of sponsorship, continues to push. And support for the important stuff, too world sporting events. The sector that is trying so hard to put the pieces back together after the crash and that we can invest in eToro – Go here for a free virtual account with the latest calligraphy tools – A broker that allows us to invest in it 78+ crypto assets With advanced financial technology tools.
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Mercedes F1 boss against crypto operators
It will be the feeling of guilt for choosing an unsuitable partner, and that will be the gift of the prophecies one assumes after being cremated. The fact is that the Austrian billionaire Toto Wolf She doesn’t seem to take it well. Let’s talk about the CEO of the team Mercedes-AMG PetronasWho did not send them a word and who told the press that FTX crack It can actually be harmful to everyone Formula 1.
All teams have sponsors of this type and F1 as an organization also has sponsors. So everyone can be affected.
with That young man We believe it Wolf specifically refers to Crypto sponsorswhich is actually different in the world of Formula 1, from Vilas with Ferrari as far as OKX extension with McLaren. But that may be the real goal Toto Wolf It is the most obvious of the sponsors, that is encryption. comwhich not only appears as a sponsor in almost all championship races, but also He gave his name to the Miami race.
Guilt for not choosing the right way or indirect accusations against sector greats? It’s hard to say. Certainly this Wolf He will not feel satisfied after watching one of his major patrons vanish and will also feel the need to not look like a fool to the world.
What exactly happened between FTX and Mercedes?
We loved each other very much. Or rather, millions of exchange It was convenient for everyone. And we get a little upset when the sponsor quits.
As a first step, we have suspended our partnership with FTX. This means that the company will no longer appear on our race cars and other brand assets starting this weekend. We will continue to monitor the situation as it evolves.
with Wolf He who actually has two things to be forgiven, at least in his way of seeing things, by the general public. The first is to be a strong proponent of the technologies in blockchain, and the second, as they say from the manager, is a cryptocurrency lover. “FTX sounded solid”: which is absolutely right, because few, perhaps very few, had doubts about this exchange before what happened.
And maybe he should be right about this: It can happen to anyone. But it happened FTP extension. Here we hope to conclude this story step by step Toto Wolf And all the characters involved.