### FTX Arena is the home of the NBA team, Miami heat. But, it won’t be called FTX arena anymore.

FTX purchased the name rights through a sponsorship deal and has had its name on the arena since June 2021. Prior to that, it was the American Airlines arena. 

Miami Dade County and Miami Great released a [joint statement](https://www.miamidade.gov/global/release.page?Mduid_release=rel1668216097621713), as follows: 

“The reports about FTX and its affiliates are extremely disappointing. Miami-Dade County and the Miami HEAT are immediately taking action to terminate our business relationships with FTX, and we will be working together to find a new naming rights partner for the arena. We are proud of the impact our Peace & Prosperity Plan — sponsored by County Commissioner Keon Hardemon and funded through the original deal — is already having in preventing violence and creating opportunity for young people across Miami-Dade, and we look forward to identifying a new partner to continue funding these important programs in the years ahead." 


FTX International, FTX US, Alameda research and 130 other FTX entities recently filed for bankruptcy protection in the United States. 

Twitter user yzy.eth shared a photo of the FTX name being taken down. 

[![arena name change](https://imagedelivery.net/HML6qmlXDXx6EPV6zNm9VA/5785a053-5205-4cb9-5ed7-9b7856945700/public)](https://twitter.com/lilmoonlambo/status/1591208055147929600?s=46&t=iXRCOVi9NbsS6IRL2CzHXg) 

Bankruptcy protection was sought after it came to light that FTX International had an USD8-10B hole in its balance sheet. 

If you need to catch up on the issue check out these articles (and others on our home page): 

[SBF: FTX is “fine”](https://www.cryptoflash.report/articles/sbf-claims-ftx-is-fine) 

[SBF FTX US is “fine” - here we go again](https://www.cryptoflash.report/articles/sbf-ftx-us-is-fine-here-we-go-again) 

[FTX bankruptcy confirmed](https://www.cryptoflash.report/articles/ftx-bankruptcy-confirmed-the-contagion-begins)

 A timeline of the events can be viewed [here](https://www.cryptoflash.report/data/ftx-timeline).

FTX Arena is the home of the NBA team, Miami heat. But, it won’t be called FTX arena anymore.

Sun Nov 13 2022

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Sun Nov 13 2022 FTX Name Coming Down From Miami Heat's Home Arena

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FTX Name Coming Down From Miami Heat's Home Arena