According to a new lawsuit from a group of FTX users, Mercedes-AMG Petronas F1 Team and Major League Baseball (MLB) helped the exchange commit fraud by promoting transactions with FTX.
On November 27, plaintiffs filed two class-action lawsuits in the District Court of Florida, alleging that the two companies "aided, abetted and/or actively participated in FTX Group's massive multi-billion dollar global fraud" and promoted unregistered securities. .
It is reported that in 2021, Mercedes F1 signed a promotion agreement with FTX, and the exchange’s logo was printed on cars, uniforms, hats and other materials. In the same year, MLB also signed a similar agreement, and umpires will have the FTX logo printed on their uniforms. (Cointelegraph)