<div class="cryptonews">
 <p class="is-style-lead">The Spanish football club Atlético Madrid is preparing to file a lawsuit against the Singaporean <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> WhaleFin, per a news <a rel="noopener noreferrer nofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a>.</p>
 <p>According to Protos, the subject of the dispute is income relating to a sponsorship in the amount of $44 million, which the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> did not pay to the football club.</p>
 <p>According to the source, Atlético Madrid signed a five-year contract with WhaleFin ahead of the 2022/23 season. Subsequently, the crypto exchange violated the terms of the agreement and refused to pony up the rest of the payment, club representatives now claim.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Spain’s Atlético de Madrid Partners with STEPN &amp; WhaleFin for NFT Sneakers Launch
 </div>
 <p>In Dec. 2022, the crypto exchange reported financial difficulties and terminated a $25 million sponsorship agreement with the English FC Chelsea. That event occurred seven months after the conclusion of the contract.</p>
 <p>It’s not the Madrid football club’s first or only foray into <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>. Atlético Madrid has its own ATM fan token. However, it showed little reaction to news of the lawsuit. At the time of publication, it is trading at $2.61. The token is up 8% over the past month, according to&nbsp;CoinMarketCap.</p>
 <figure class="wp-block-image size-large"><picture decoding="async" class="wp-image-14219829">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2023/11/24/c77d325c8b1e6f1078efcbf76b18073c.webp.webp">
   <img decoding="async" width="1024" height="524" src="https://cdn.thebittimes.com/images/2023/11/24/c77d325c8b1e6f1078efcbf76b18073c.webp" alt="Atlético Madrid reportedly planning to sue crypto exchange WhaleFin - 1"> 
  </picture>
  <figcaption class="wp-element-caption">
   Source: CoinMarketCap
  </figcaption>
 </figure>
 <p>According to&nbsp;Calcio Finanza, a similar situation occurred with Italian football clubs Inter and Roma. Previously, they entered into a contract with the blockchain company DigitalBits. It was later dropped as a sponsor when it refused to pay more than $17 million to Inter and approximately $11 million to Roma.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Fan tokens rally with 8% increase in combined market cap
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/atletico-madrid-reportedly-planning-to-sue-crypto-exchange-whalefin-tbt71468.html">https://thebittimes.com/atletico-madrid-reportedly-planning-to-sue-crypto-exchange-whalefin-tbt71468.html</a></p>

Atlético Madrid reportedly planning to sue crypto exchange WhaleFin

TheBitTimes

2023년 11월 24일에 게재된 다른 기사

Why Multibagger SLAYBOY Token Could Be the Best Alternative to Ethereum and Tron

Cadabra Finance Review. Explore High APY and verified Yield Sources On Cadabra: Join yield pools ...

Popular Bitcoin Lightning app ‘Wallet of Satoshi’ exits the US market

US Users Lose Access to Wallet of Satoshi Lightning App

25 Whales Purchased Millions Of BLUR Tokens, Price Jumps 90% In Week

What is pNetwork Coin?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!