Eleven days after ending its relationship with FTX, Miami-Dade County has gone to a bankruptcy court asking to remove FTX's name from the Miami Heat's arena.
Miami-Dade County has now gone to a bankruptcy court to immediately stripFTX, the cryptocurrency exchange, filed for bankruptcy on Nov. 11 - later that day, the Heat and the county announced they would beHowever, the exchange's signage remains on the building that is still called FTX Arena.
"We are proud of the impact our Peace & Prosperity Plan — sponsored by County Commissioner Keon Hardemon and funded through the original deal — is already having in preventing violence and creating opportunity for young people across Miami-Dade, and we look forward to identifying a new partner to continue funding these important programs in the years ahead," the county's and the Heat's joint statement from Nov. 11 said.
FTX got involved with many sports leagues and athletes. It had a deal with Mercedes for Formula One racing and a sponsorship deal with Major League Baseball. Mercedes also said Friday it would remove all FTX logos from its Formula One cars.filed a class-action lawsuit against founder Sam Bankman-Fried that names Brady, Curry, Shaquille O'Neal, Trevor Lawrence, David Ortiz, Shohei Ohtani and Naomi Osaka as defendants.
Signage for the FTX Arena, where the Miami Heat basketball team plays, is illuminated on Saturday, Nov. 12, 2022, in Miami. The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to
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