The Miami Heat arena is now called the Kaseya Center after its owners this week inked a more than $100 million deal with a new sponsor, Miami-Dade County officials said.
After having FTX's name stripped from its roof, court and hallway entrances, the South Florida stadium was temporarily redubbed the Miami-Dade Arena.AP Photo/John Minchillo
"I learned that some companies do bad things. This isn't cryptocurrency, this is a business, just like FTX was supposed to have been," Miami-Dade County Commissioner Keon Hardemon told CBS News Miami."But unfortunately that business committed crimes, and sometimes businesses do that, however, we don't expect this company to commit a crime," he said. over the term of the deal, CBS Miami reported — $3.5 million more than it stood to earn from the FTX deal.
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