Der Deal zwischen FTX und Miami-Dade County endet, da SBF die Vorwürfe zurückweist

• Miami-Dade County will now begin to strip FTX’s advertising brand from the Miami Heat’s arena, post approval from the bankruptcy judge.
• Judge John T. Dorsey stated that the rights deal “shall be [terminated] effective immediately upon entry of this order.”
• Miami-Dade County secured a $135 million deal with the cryptocurrency exchange in 2021 to name the arena “FTX Arena” until 2040.
• Das FTX-Branding ist über die gesamte Arena verteilt, einschließlich auf dem Dach, auf dem Basketballplatz, auf den Poloshirts des Sicherheitspersonals usw.

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Amid the prolonged crypto winter, once-leading crypto exchange platform FTX, which filed for bankruptcy in November 2022, has acted as a catalyst to intensify the ongoing chaos in the industry. After getting approval from a United States bankruptcy judge in Delaware on January 11, Miami-Dade County will now begin to strip FTX’s advertising brand from the Miami Heat’s arena.

Nach to the Associated Press, on Wednesday, a federal bankruptcy court terminated the naming rights deal between FTX and Miami-Dade County. As a result, all the collapsed exchange’s signage and advertising would be removed from the NBA’s Miami Heat’s arena. The U.S. Bankruptcy Judge John T. Dorsey stated that the rights deal “shall be [terminated] effective immediately upon entry of this order.”

Notably, Miami-Dade County secured a $135 million deal with the cryptocurrency exchange in 2021 to name the arena “FTX Arena” until 2040. It is interesting to note that the FTX branding is spread all over the arena, including on its roof, on the basketball court, on the polo shirts worn by security staff, at multiple entrances, and even on many of the electronic cards used by employees to access the facility. 

However, following FTX’s bankruptcy filing, the county filed a motion to cancel the naming rights agreement in November last year. It claimed that referring to the building as FTX Arena would only worsen the “enduring hardships” brought on by the failure of the cryptocurrency exchange.

One of FTX’s primary marketing strategies was to secure sports sponsorships, including a partnership with NFL quarterback Tom Brady, a deal with a Formula 1 international racing team funded by Mercedes, and the naming rights to Cal Memorial Stadium in Berkeley, California.

Die professionelle Esportgruppe Team SoloMid (TSM) kündigte ebenfalls eine Vereinbarung über $210 Millionen mit FTX. Insbesondere wurde TSM infolge der Partnerschaft im Juni 2021 in TSM FTX umbenannt.

FTX-Gründer weist Vorwürfe zurück

FTX war die drittgrößte Kryptowährungsbörse, erlitt jedoch massive Verluste, bevor sie nach einer dramatischen Kernschmelze, die nur wenige Tage dauerte, bankrott ging. Die Schätzungen seiner Verluste reichen von $8 Milliarden bis $10 Milliarden.

Sam Bankman-Fried, the company’s founder, was detained in the Bahamas last month and then an die Vereinigten Staaten ausgeliefert to face charges in what U.S. Attorney Damian Williams has referred to as “one of the biggest frauds in American history.”

Am 12. Januar SBF behauptet that FTX US had been “fully solvent” at the time when the firm hat im November Insolvenz nach Chapter 11 angemeldet, mit rund $350 Millionen in bar. Er fügte hinzu, dass, wenn er für die Börse verantwortlich gewesen wäre, sie zahlungsfähig geblieben wäre. Es ist jedoch wichtig zu beachten, dass FTX unter SBF Konkurs angemeldet hat. Darüber hinaus die ehemalige Führungskraft auch beschuldigte den CEO von Binance, Changpeng Zhao, für den Zusammenbruch seiner Firma.

“I didn’t steal funds, and I certainly didn’t stash billions away. Nearly all of my assets were and still are utilizable to backstop FTX customers,” he stated.

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