The FTX arena is no more. As the crypto exchange faces a disastrous collapse, and founder Sam Bankman-Fried battles charges of lying to investors and stealing billions of dollars, a federal bankruptcy judge has terminated the naming-rights agreement between the company and Miami-Dade county. The Wednesday ruling ends a $135 million sponsorship deal that put FTX}s name on the Miami Heat court and the logo atop the arena. Miami-Dade will remove any mention of FTX from the arena, retroactively ending the deal on Dec. 31.
Read it at Miami HeraldSports
Miami Heat Finally Rids Its Arena of FTX Branding
NEW YEAR, NEW ME
The arena will be renamed after Miami-Dade was released from a sponsorship deal with the embattled crypto exchange.
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