Mercedes F1 team retains FTX branding amid crypto exchange crisis

Mercedes Formula One team said they are retaining cryptocurrency exchange FTX's branding on their cars at this weekend's Sao Paulo Grand Prix in Brazil, however, they're watching the developments closely. FTX is reportedly scrambling to raise about $9.4 billion from investors and rivals. After Binance cancelled its acquisition, FTX CEO told his staff that he was seeking a capital raise.