{"id":87487,"date":"2023-11-24T16:12:20","date_gmt":"2023-11-24T14:12:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87487"},"modified":"2025-09-13T12:07:20","modified_gmt":"2025-09-13T09:07:20","slug":"atletico-madrid-sues-whalefin-over-unpaid-e40m-sponsorship","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/atletico-madrid-sues-whalefin-over-unpaid-e40m-sponsorship\/","title":{"rendered":"Atl\u00e9tico Madrid sues WhaleFin over unpaid \u20ac40m sponsorship"},"content":{"rendered":"<p>Spanish football club &#8220;Atl&eacute;tico Madrid&#8221; has filed a lawsuit against the Bitcoin exchange WhaleFin over non-payment under a sponsorship contract worth \u20ac40m ($44m). <a href=\"https:\/\/protos.com\/whalefin-sued-by-atletico-madrid-over-unpaid-44m-sponsorship\/\"> Protos<\/a>.<\/p>\n<p>Ahead of the 2022\/23 season, the team signed a five-year contract with the Singaporean firm, but now contends that the platform breached it by failing to pay the promised amount. The club seeks \u20ac20m in damages.<\/p>\n<p>In December 2022, the owner Amber Group \u2014<a href=\"https:\/\/forklog.com\/en\/news\/amber-group-trims-staff-and-operating-costs-amid-crypto-winter\"> terminated the contract<\/a> with Chelsea amid financial difficulties. At the same time the company announced layoffs of 40% of its staff.<\/p>\n<p>In September, Amber conducted <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-09-09\/crypto-trading-firm-amber-eliminated-as-much-as-10-of-its-staff\">the first round of optimization<\/a> of its staff.<\/p>\n<p>In November, Annabelle Huang, the managing partner of the cryptocurrency platform <a href=\"https:\/\/twitter.com\/ambergroup_io\/status\/1590382086514704390\">\u0437\u0430\u044f\u0432\u0438\u043b\u0430<\/a>, that about 10% of trading capital was <a href=\"https:\/\/forklog.com\/en\/news\/ftx-group-files-for-bankruptcy-sam-bankman-fried-resigns-as-ceo\">stuck<\/a> on the bankrupt FTX exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spanish football club &#8220;Atl&eacute;tico Madrid&#8221; has filed a lawsuit against the Bitcoin exchange WhaleFin over unpaid sponsorship of \u20ac40m ($44m).<\/p>\n","protected":false},"author":1,"featured_media":87488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2259,1236,828],"class_list":["post-87487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-amber-group","tag-ftx","tag-sports"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87487"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87487\/revisions"}],"predecessor-version":[{"id":87489,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87487\/revisions\/87489"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87488"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}