Brady and Curry between FXT crisis losses

Miami-Dade County reported that it will explore “all legal remedies” to verify if the cryptocurrency platform FTXin which they invested Tom Brady y Stephen Curryyou cannot pay your rights agreement for the name of the arena of the Miami Heat.

FTX is a crypto-asset trading platform and is going through a liquidity crisis that could mean bankruptcy, but also losses among its investors, including the American football star Tom Bradybesides the basketball player Stephen Curry. In addition, he has agreements with Major League Baseball (MLB), the Mercedes Formula 1 team and Japanese baseball player Shohei Ohtani.

The exchange firm cryptocurrencies signed a 19-year, $175 million contract in March 2021 to have it appear as the name or trade name of the Florida basketball team, according to the site. The Information.

On Wednesday, November 9, Binance pulled out of a deal to buy FTX, amid a race on the digital asset trading platform, causing chaos.

Officials have hinted at legal action if the crypto exchange is unable to meet obligations for the naming rights to the arena. Miami Heat.

The platform’s token lost almost 90% of its value over the last week, as it went from trading at $22.14 to $2.30, in an aggressive crash, according to the site The Street.

deportes@eleconomista.mx