Miami-Dade County reported that it will explore “all legal remedies” to verify if the cryptocurrency platform FTX, in which Tom Brady and Stephen Curry invested, cannot pay its rights agreement for the name of the Miami Heat arena. .
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 American football star Tom Brady, as well as basketball player Stephen Curry. In addition, it has agreements with Major League Baseball (MLB), the Mercedes Formula 1 team and Japanese baseball player Shohei Ohtani.
FTX signed a 19-year, $175 million deal in March 2021 to appear in the trade name for the Florida team’s headquarters, according to The Information.
On Nov. 9, Binance pulled out of a deal to buy FTX, amid a race on the digital asset trading platform, causing chaos. The platform’s token plummeted 90%.
deportes@eleconomista.mx
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