I can't claim to know a great deal about Formula Drift other than it involves a fair bit of drifting, but bursting in to flames is a no-no whatever category you're racing in.
This 900 hp Ferrari 599 GTB met its end after a front left suspension component broke off and ruptured a fuel line. This caused driver Federico Sceriffo to lose control, and moments later, flames! It was Ferrari's debut race in the competition too. Rotten luck.
Check the footage.
Thankfully no-one was hurt, and if we're looking for more positives then at least you've now heard of Formula Drift.