The Miami Heat announced that they are in the process of terminating their relationship with FTX Crypto Exchange after it filed for bankruptcy.
Miami HEATMiami-Dade County and the Miami HEAT have released the following statement <a href="https://t.co/ERZo1IsZ2o">pic.twitter.com/ERZo1IsZ2o</a>
FTX purchased the naming rights to the Heat's arena for $135 million, and the stadium became known as FTX Arena beginning in June 2021.
The building will still be named FTX Arena on Saturday, when the Heat host the Charlotte Hornets, per Ira Winderman of the South Florida Sun-Sentinel.