Team thumbnail isn't transparent?

It seems that regardless of wether I change the team thumbnail to a transparent PNG or SVG there is still a white background that appears behind the image. Any idea why?

For some reason there used to be support for transparent png’s as some older teams have been able to use this feature, however inspecting the files on the web I can see that Figma converts your new thumbnails into jpeg now.

Not sure why, just thought I’d give this update and see if anyone else is having the same issue.

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