FTX CEO Sam Bankman-Fried, the company which formerly sponsored the Mercedes Formula 1 team, has been given a 25-year prison sentence. Mercedes entered into partnership with cryptocurrency outfit ...

Elsewhere, the Mercedes Formula One team, backed by the German automaker Daimler AG, suspended its sponsorship deal with FTX it signed in September of last year. Officials in Miami-Dade county ...

The new partnership signifies Adidas' first substantial step into the world of Formula 1, stepping in as the official apparel sponsor for Mercedes. This role was previously held by manufacturers ...