Miami-Dade County has asked the judge overseeing FTX’s bankruptcy to terminate the naming rights deal it struck with the crypto exchange or it will increase the amount it's seeking in court.
A 19-year contract with FTX would have netted the county $135 million, but now it just wants out. After the county’s lawyers said it was owed $16.5 million by FTX for early termination of the naming rights agreement, it said in a court filing on Nov. 22 that it would add $5.5 million to that sum if the agreement isn’t officially terminated by Jan. 1.
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