Motor racing-Mercedes F1 team suspends partnership with FTX


FILE PHOTO: Formula One F1 - Mexico City Grand Prix - Autodromo Hermanos Rodriguez, Mexico City, Mexico - October 30, 2022 Mercedes' George Russell in action during the race REUTERS/Henry Romero

SAO PAULO (Reuters) - The Mercedes Formula One team said on Friday they had suspended a partnership agreement with troubled cryptocurrency exchange FTX ahead of the season's penultimate race in Brazil.

FTX, one of the world's largest crypto exchanges, is scrambling to raise billions in funds to stave off collapse while regulators have stepped in.

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