Basketball: NBA Finals: Closeup view of Miami Heat logo on court before game vs San Antonio Spurs at American Airlines Arena. Game 4.
Miami, FL 6/12/2014
CREDIT: John W. McDonough (Photo by John W. McDonough /Sports Illustrated via Getty Images)
(Set Number: X158314 TK1 )

Set Number: X158314 TK1

The Miami Heat revealed that they remain in the procedure of ending their relationship with FTX Crypto Exchange after it declared personal bankruptcy

Miami HEAT @MiamiHEAT

Miami-Dade County and the Miami HEAT have actually launched the following declaration << a href=" https://t.co/ERZo1IsZ2o">> pic.twitter.com/ERZo1IsZ2o

FTX bought the identifying rights to the Heat’s arena for $135 million, and the arena ended up being called FTX Arena starting in June 2021.

The structure will still be called FTX Arena on Saturday, when the Heat host the Charlotte Hornets, per Ira Winderman of the South Florida Sun-Sentinel He likewise reported that the Heat remain in the procedure of getting rid of FTX labeling from the arena.

Earlier today, Formula One Racing group Mercedes-AMG Petronas revealed that it was suspending its collaboration with FTX.

Other professional athletes who have handle FTX consist of Tampa Bay Buccaneers quarterback Tom Brady, Golden State Warriors guard Stephen Curry, Los Angeles Angels pitcher/designated player Shohei Ohtani and four-time Grand Slam champ Naomi Osaka.

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