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Miami HEAT Arena Balks at FTX Naming Rights, Ending 19-Year Deal Early

Mere hours after FTX filed for bankruptcy, the Miami HEAT and Miami-Dade County issued a joint statement announcing they were cutting ties with the now-disgraced Bahamas-based crypto exchange – effective immediately.

Photos circulating on social media already purport to show FTX’s logo being dismantled from the top of the arena. The 19-year contract cost FTX a whopping $135 million. （ By Cheyenne Ligon ）

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