FTX Erased From Miami Arena With $117 Million Replacement Found

Miami’s waterfront basketball arena where the Miami Heat play is getting a new name after becoming a symbol of the spectacular collapse of cryptocurrency exchange FTX.

Miami-Dade County and software company Kaseya Ltd. have reached a $117 million contract that will rename the arena Kaseya Center for the next 17 years. The transaction approved by the county on Tuesday came together less then three months after a bankruptcy judge terminated FTX’s naming-rights contract as Sam Bankman-Fried’s business spiraled into bankruptcy.