Crypto exchange FTX — which shelled out $135 million to rename the home of the Miami Heat in March 2021 — pulled out of talks to provide a jersey patch to the MLB’s Los Angeles Angels in recent weeks as the crypto market tanked, sources with direct knowledge told The Post.
Another patch deal between the NBA’s Washington Wizards and a crypto company also recently fell through, the sources said.
Both deals were nixed as the market crumbled, the sources said. The Washington Wizards patch had been seen as particularly desirable for crypto companies since the politicians and regulators who oversee the space attend their games.
Source: FTX, other crypto firms ditch sports deals as market collapses
