New Name for Miami Heat's FTX Arena Following Crypto Exchange Bankruptcy

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The Miami Heat will rename FTX Arena after its namesake cryptocurrency exchange filed for bankruptcy on Friday. 

The arena had been called FTX Arena since June 2021 as part of a 19-year, $135-million sponsorship agreement between FTX and Miami-Dade County. 

Miami-Dade County mayor Daniella Levine Cava and the Heat said in a joint statement that the news regarding FTX was "extremely disappointing." 

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