\n
FTX and Miami \u2013 Dade Country \u2013 which owns the arena \u2013 agreed, effective June 2021, to extend the naming rights to the exchange for 19 years, where FTX would pay $2 million annually. The last payment was supposed to be $5.5 million on January 1 before the business went under. <\/p>\n\n\n\n
FTX filed for bankruptcy<\/a> in November last year, collapsing with an estimated $10 billion worth of investors' funds. Its founder Sam Bankman-Fried was later arrested<\/a> and extradited to the US to face criminal charges relating to money laundering and financial fraud.<\/p>\n","post_title":"NBA\u2019s Miami Heat Ends $135M Deal With FTX Following Court Orders, Welcome Miami-Dade Arena","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nbas-miami-heat-ends-135m-deal-with-ftx-following-court-orders-welcome-miami-dade-arena","to_ping":"","pinged":"","post_modified":"2023-01-15 02:59:30","post_modified_gmt":"2023-01-14 15:59:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
