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Fortune

Marco Quiroz-Gutierrez

Miami says goodbye to FTX Arena

FTX FTX Arena Miami Major League Baseball Miami Heat Crypto Baseball MLB

FTX Arena (Credit: Felix Mizioznikov— iStock Editorial / Getty Images Plus)

The FTX name was supposed to be affixed to the Heat’s arena in Miami until 2040 as part of a $135 million naming rights deal, but just hours after the crypto exchange declared bankruptcy on Friday, the agreement was off and the company’s logo was being taken down.

FTX Arena sign being taken down.

Gg it’s over pic.twitter.com/iGKjfsIWEd
— Coffee On The Blockchain (@TheCoffeeBlock) November 11, 2022

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