fbpx

Miami Heat Cuts Ties With FTX in Wake of the Cryptocurrency Exchange’s Bankruptcy 

According to CNN, “The NBA’s Miami Heat and Miami-Dade County have terminated their relationship with bankrupt cryptocurrency exchange FTX and will search for a new naming rights partner for their arena in downtown Miami. The announcement came after the FTX group earlier on Friday filed for bankruptcy in the United States and its CEO resigned, marking a stunning downfall for one of the biggest and most powerful players in the crypto industry. Miami-Dade County and Miami Heat said in a joint statement Friday night that the reports about FTX are ‘extremely disappointing’ and that they will work together to find a new naming rights partner for the arena, which was only renamed as FTX Arena last year.”

The Wall Street Journal reports that the Manhattan U.S. attorney’s office is investigating FTX’s sudden collapse.

You May Also Like

JLL Chosen to Manage Leasing of a New 51-Story Office Tower in Brickell

The property will become Miami’s newest Class A-plus tower.

CBRE Chosen to Market Sale of Galleria Fort Lauderdale

The retail center is expected to attract global interest.

Iconic Miami Tower Illuminates World’s Tallest Digital Israeli Flag

The rooftop crown is 700-foot-high and 300-foot-wide, making it a grand display of support.

Woodmont, Butters and PCCP to Construct Eight Buildings in Palm Beach Park of Commerce

The project will bring over 300,000 feet of industrial space to the premier business location.

Other Posts

Miami Waterfront Marvel With Docking for Multiple Yachts Lists for $18 Million

The property features a jet ski lift and two boat docks. 

Enjoy High-End Brunch at Il Mulino NYC, Now at Acqualina Resort

The beachside resort has a reputation for providing its guests with a luxurious and pampering experience.

Experience Upscale Brunch Dining at Loews Coral Gables

Americana Kitchen also offers elegant lunch and dinner options.

Habitat for Humanity of Greater Palm Beach County Launches Its First Private Equity Community Build

Families and individuals needing safe and affordable housing partner with Habitat for Humanity to build or improve a residence.

Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.