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and while developing now a crypto collapse has left the home of the Miami Heat without a sponsorship name the company that bought the naming rights FTX declared bankruptcy and signage appears to be coming down at the arena already local 10amp;#39;s Joseph Ojo in Miami with the latest and with the crypto giant FTX fouling for bankruptcy the big question at this time is what will the arena that the Miami Heat play-in be named for over a year we have known it as FTX Arena but that name will soon change again after the company abruptly announced it will be filing for chapter 11 bankruptcy the Miami Heat and County releasing a joint statement that reads Miami-Dade County and the Miami Heat are immediately taking action to terminate our business relationships with FTX and we will be working together to find a new naming rights partner for the arena last spring The cryptocurrency Exchange agreed to pay 135 million dollars over 19 years for the arena naming rights 30-year-old entrepreneurial