Atletico Madrid, a top-tier Spanish football team, is apparently getting ready to file a lawsuit against WhaleFin, a cryptocurrency exchange located in Singapore, for failing to pay sponsorship money of forty million euros, which is equivalent to forty-four million dollars. Prior to the 2022–2023 season, the club had reached an agreement with WhaleFin covering a period of five years. WhaleFin was going to be one of the primary sponsors of the club, and it was going to be installed. However, Atletico Madrid asserts that WhaleFin violated the terms of the contract by failing to make the payments that were agreed upon when the deal was signed. As a consequence of this, the club is requesting a compensation amount of twenty million euros, which is twenty-two million dollars.
Challenges Facing WhaleFin’s Financial Situation
claims from December 2022 indicated that WhaleFin, which was owned by Amber Group, was having financial…
