Cut name in FTX smoothly

Aug 6th, 2022
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How to Cut name in FTX

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VIOLENT CRIME AND SPEEDING TO STAFFING SHORTAGES AT JSO. JAGUARS. QUARTERBACK TREVOR LAWRENCE IS AMONG A HANDFUL OF CELEBRITIES NOW INVOLVED IN A CLASS ACTION LAWSUIT. ITS AGAINST COLLAPSED CRYPTO CURRENCY EXCHANGE FTX FTX. THE 3RD LARGEST CRYPTOCURRENCY EXCHANGE INTHE WORLD NEWS 4 JAX REPORTER TRAVIS GIBSON. JOINING US NOW. TRAVIS, THIS IS BEEN ONE OF THE MOST READ STORIES ON OUR WEBSITE TODAY. SO WHATS THE BASIS OF THE LAWSUIT? SO BASICALLY THE PLAINTIFFS ARE SEEING CELEBRITIES LIKE LAWRENCE WHO ARE INVOLVED IN ADS FOR FTX, DID NOT DISCLOSE HOW MUCH MONEY THEY WERE PAID TO PROMOTE THE PRODUCT AND DIDNT DO THEIR HOMEWORK BEFORE PROMOTING ITS FAILED BUSINESS MODEL. SOME OF THE BIGGEST NAMES IN SPORTS AND ENTERTAINMENT CAUGHT UP IN A LAWSUIT AGAINST A FAILED CRYPTO CURRENCY EXCHANGE. AMONG THE NAMES LISTED AS DEFENDANTS. JAGUARS QUARTERBA TREVOR LAWRENCE NFL SUPERSTAR TOM BRADY SEINFELD, CO-CREATOR LARRY DAVID AS WELL AS BASKETBALL STARS, S

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The county owns the arena and negotiated what was to be a 19-year, $135 million naming rights deal with FTX. The Heat were to receive $2 million annually as part of that deal, which went into effect in June 2021. FTX's next payment due to the county was to have been $5.5 million on Jan. 1.
Collapsed cryptocurrency exchange FTX says that around $415m (£338m) of crypto has been stolen by hackers. About $323m was from its international exchange and $90m from its US platform since the firm filed for bankruptcy, FTX's CEO says.
The FTX Arena era officially ended Wednesday when Miami-Dade County won a court order striking its 2021 agreement with the disgraced and bankrupt crypto exchange. Let the era of “the Arena” begin.
Miami-Dade county officials asked for its FTX naming rights deal to be ended in November, saying at the time that continuing to refer to the building as FTX Arena would only add to the "enduring hardships" brought on by the collapse of the crypto exchange.
What to know about Sam Bankman-Fried, FTX's embattled founder. Bankman-Fried was arrested after federal prosecutors filed criminal charges. Bankman-Fried's company, FTX, began 2022 valued at $32 billion and he ended the year getting arrested for defrauding investors.
FTX filed for bankruptcy on Nov. 11, 2022, after a surge of customer withdrawals earlier in the month. Then-CEO Bankman-Fried admitted that the company didn't have sufficient assets in reserve to meet customer demand.
The crypto exchange collapsed after it came to light that Alameda had been using FTX customer assets to cover trading losses. “The owners of the company could really run free-rein” between all of FTX international, FTX US', and Alameda Research's assets, Ray testified.
What is FTX? FTX stands for "Futures Exchange." Cryptocurrency is money that is transacted in digital form. It is supposed to have "safeties" on it that prevent it from being traded multiple times, track it, and protect it from duplication or hacking.
Miami-Dade county officials asked for its FTX naming rights deal to be ended in November, saying at the time that continuing to refer to the building as FTX Arena would only add to the "enduring hardships" brought on by the collapse of the crypto exchange.
In 2021, Miami-Dade County commissioners approved a 19-year, $135 million deal naming rights deal with FTX to change the name of the American Airlines Arena to FTX Arena.

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