F1 team Sauber reaches two-year deal with sports betting platform Stake

Under the agreement, the Swiss racing team previously named Alfa Romeo will become the F1 Stake Team Kick Sauber. The Sauber F1 Team has agreed to a two-year naming partnership with the cryptocurrency casino and sports betting platform Stake in 2024.

Previously, Stake suffered a loss of $41 million due to a wallet private key vulnerability in September 2023. The Federal Bureau of Investigation attributed the attack to the North Korean hacker group Lazarus in a report.