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Miami Heat will change the name of their court after the bankruptcy of the cryptocurrency company FTX

El Miami Heat deberá buscar un nuevo nombre para su cancha.
The Miami Heat will have to find a new name for their court.

Photo: Andy Lyons / Getty Images

EFE

By: EFE Updated 12 Nov 2022, 16: 30 pm EST

The Miami Heat NBA team announced that they will change the name of their stadium FTX Arena after this cryptocurrency platform declared bankruptcy this Friday.

“The information about FTX and its affiliates is extremely disappointing”

, the Heat said in a statement with Miami-Dade County.

In this sense , the county and the Heat assured that they have made the decision to immediately “terminate” their business with FTX.

“We will work together to find a new partner for the name of the stadium”, closed.

Formerly known as American Airlines Arena, the arena was renamed FTX Arena in 1200.

According to ESPN data, FTX’s agreement with the county, who owns the stadium, was by 19 years and a total of 100 million dollars.

The declaration of bankruptcy of FTX confirmed the total collapse of this platform, one of the most important in the sector, which came to be valued at 32. million dollars and that in recent days had collapsed due to lack of liquidity and with users rushing to withdraw their funds. The world of cryptocurrencies has notable ties to the NBA.

For example, the stadium of the Los Angeles Lakers went from being the Staples Center to the Crypto.com Arena and Stephen Curry (FTX) and LeBron James (Crypto.com

) signed sponsorship deals with companies in the cryptocurrency sector.

The cryptocurrency platform FTX, which filed for bankruptcy this Friday, announced today that it has detected a series of unauthorized transactions and that, according to experts, they may be the result of a hack in which more than 400 million dollars in crypto assets would have disappeared.

Ryne Miller, US Legal Counsel for FTX. , said via Twitter that the firm is investigating these “abnormalities” and that, as a precaution to mitigate possible damage, it has accelerated the transfer of all digital assets to wallets not connected to the network.

According to various media, a person in charge of the platform assured in the private channel of the firm in Telegram that FTX had been the victim of a hack and asked users to avoid using its website and delete related applications.

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