Miami Terminates FTX Arena Naming Rights Deal Following Crypto Exchange’s Bankruptcy

Artists like Carrie Underwood and Rauw Alejandro won’t have to suffer the indignity of performing in a Miami venue named after an insolvent cryptocurrency exchange when they hit the road in the coming months. That’s because FTX Arena is no more. On Wednesday, a federal bankruptcy judge terminated the naming-rights agreement between Miami-Dade County, which owns the facility, and the now defunct FTX, once the third-ranked crypto exchange by volume until it was discovered in November 2022 that the company was insolvent due to its mishandling of customer funds. This ruling ends the contractual relationship with FTX, which still had… Read Full Article