![Miami Heat rename arena to 'The Arena' following FTX collapse](/img/di/miami-heat-rename-arena-to-the-arena-following-ftx-collapse-1.jpg)
Miami Heat rename arena to 'The Arena' following FTX collapse
The Miami Heat have renamed their home arena to'The Arena' after failed cryptocurrency company FTX filed for bankruptcy in November, ending an intended 19-year sponsorship with the team.
A year ago, crypto company FTX was valued at $32bn but filed for bankruptcy protection on 11 November and it has been reported that over $8bn of customer's funds…