FTX files for bankruptcy, leaving sports sponsorships on brink

FTX Arena, home of the Miami Heat. (by Michael Reaves/Getty Images)
FTX Arena, home of the Miami Heat. (by Michael Reaves/Getty Images)

Beleaguered cryptocurrency exchange FTX has filed for Chapter 11 bankruptcy in the United States, putting all the company's multiple global sports sponsorship deals in danger of collapse.

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