The Miami Heat know all about the struggles of cryptocurrency after the FTX bankruptcy
Last year Miami Heat guard Kyle Lowry appeared in one of the several cryptocurrency commercials during the Super Bowl.
Lowry was in an ad for BitBuy, a Canadian-based trading platform because of his ties to the Toronto Raptors. A year later, the NFL’s biggest game will not feature any crypto-based commercials.
The reason is simple: the industry is struggling.
No NBA team knows that more than the Heat. They recently stripped the name FTX off their arena because the company filed for bankruptcy last November and is involved in a lawsuit for fraud and money laundering.
The Heat have since changed the name to Miami-Dade Arena and severed ties with the company. The good news for the Heat is forward Jimmy Butler will appear in a Caddyshack-themed Super Bowl ad for a second straight for Michelob Ultra.
View the original article to see embedded media.
MORE HEAT-RELATED STORIES
How Miami Heat Twitter reacted to Saturday’s win vs. Magic CLICK HERE
Erik Spoelstra on making no moves at trade deadline. CLICK HERE
Pascal Siakam chosen as All-Star replacement over Butler. CLICK HERE
For a look at some of the latest Heat apparel. CLICK HERE
If you wanna bet on any games at @PrizePicks or PrizePicks.com, use our link and code. They will match your first bet for up to $100. Here’s the code: PR-R1YOFY6
Shandel Richardson covers the Miami Heat for Inside The Heat.
Follow all of our Miami Heat coverage on Facebook here
Subscribe to our YouTube channel here
For any Heat or NBA questions, please email email@example.com