Miami HEAT Arena Balks at FTX Naming Rights, Ending 19-Year Deal Early

Miami HEAT Arena Balks at FTX Naming Rights, Ending 19-Year Deal Early


Once one of the largest crypto exchanges in the world, FTX was brought to its knees this week after a liquidity crisis triggered a domino effect resulting in the entire portfolio of companies, including the exchange’s U.S. subsidiary, FTX US, and Alameda Research, its quant trading firm, declaring bankruptcy. The entire portfolio of companies are now reportedly between $10-50 billion in the red.

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