Mercedes to retain FTX logos despite crypto exchange crisis

FTX is facing bankruptcy if it cannot raise billions of dollars to get itself out of a liquidity crisis that erupted at its affiliated Alameda Research company this week.

An initial plan for it to be rescued by rival exchange Binance, which is a sponsor of the Alpine team, collapsed after just 24 hours amid concerns about the scale of the financial hole FTX faced.

A statement from Binance said: “In the beginning, our hope was to be able to support FTX’s…