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.