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Abstract:According to reports, The Miami Heat of the National Basketball Association (NBA) dropped FTX’s name after FTX’s bankruptcy filing.
According to reports, The Miami Heat of the National Basketball Association (NBA) dropped FTX‘s name after FTX’s bankruptcy filing. The Miami Heat is an American professional basketball team based in Miami. The Heat competes in NBA as a member of the league's Eastern Conference Southeast Division. Until now, Miami Heat has won three NBA championships.
The home arena of the Miami Heat used to be named FTX Arena as the business cooperation made between the crypto exchange FTX and Miami Heat. In March 2021, FTX gained the naming rights to the Miami Heat home arena for $135 million over 19 years.
As we know so far, the Miami Heat team is extremely disappointed about what happened on FTX. Miami Heat has terminated its business cooperation with FTX. It now is seeking a new naming sponsor for the home arena.
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The UK Financial Conduct Authority (FCA) has issued a public warning regarding a fraudulent entity impersonating Admiral Markets, a legitimate and authorised trading firm. The clone firm, operating under the name Admiral EU Brokers and the domain Admiraleubrokerz.com, has been falsely presenting itself as an FCA-authorised business.
A 57-year-old Malaysian man recently fell victim to a fraudulent foreign currency investment scheme, losing RM113,000 in the process. The case was reported to the Commercial Crime Investigation Division in Batu Pahat, which is now investigating the incident.
Protect your investments! Learn about unregulated firms flagged by the FCA and discover how WikiFX helps traders avoid scams and choose legitimate brokers.
Proprietary trading firm The Funded Trader has detailed its financial recovery efforts following a turbulent period marked by an unsustainable payout model. Addressing these challenges publicly, the firm outlined the steps being taken to resolve outstanding obligations and ensure operational sustainability.