The arena will be renamed after Miami-Dade.
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.
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