F1 won’t suffer from “complete mess” triggered by FTX crypto collapse

The recent bankruptcy of FTX in the wake of an $8 billion liquidity crunch sent panic through the crypto markets – which in turn has had an impact on F1 teams.

Eight of the squads on the grid have sponsorship deals with crypto firms, with F1 itself having a major deal with exchange Crypto.com.

FTX was a sponsor of the Mercedes team, and the trouble prompted the German manufacturer to suspend the deal on the eve of the Brazilian Grand Prix and remove the…