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NBA Cut Ties With Crypto Exchange FTX

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1

The relationship between FTX and NBA's Miami Heat, Miami-Dade County, and the Miami Heat have been ended.

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2

This happened just minutes after FTX Group filed for bankruptcy earlier Friday.

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3

Miami Heat tweeted that the news about FTX was "extremely disappointing."

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4

They also stated they are looking for a new partner to name their arena.

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5

Since June 2021, the building has been known as FTX Arena.

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6

A 19-year, $135 Million sponsorship agreement between FTX & the county was also just being signed.

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7

Mercedes also announced it would eliminate the FTX logo on its Formula One cars.

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