Mercedes F1 Team remove FTX logos as Sponsors

So, those that watch Formula 1 would know that FTX was one of the sponsors of Mercedes F1 Team while Bybit sponsored the Redbull F1 Team.

Sponsoring Mercedes was a big thing considering Mercedes being the Champs for 8 years straight. That also lent credibility to FTX. Strangely, while the developments around FTX nosedived over the past couple of days, Mercedes continued to stick with FTX logo on their cars. However, just hours back news comes in that they would indeed being dropping FTX as Sponsors. I mean, who would want bad publicity.

In line with the new call, all FTX logos will be now removed from the cars.

Side note: Bybit and crypto.com are also F1 Sponsors. Should we be worried?