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FTX logo removed from University of California football field

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When FTX bankruptcy filingthe sports teams affiliated with crypto exchanges are currently undergoing some serious changes.

Removed FTX logo. of the University of California Berkeley football field.

The Memorial Stadium field and Cal logo were displayed on December 1, 2018, at the University of California, Berkeley, California on the day of the 121st Big Game between the California Golden Bears and the Stanford Cardinals. (David Madison/Getty Images/Getty Images)

The logo was placed on both 25-yard lines. You can see the outline on the grass.

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This field was called the FTX Field at California Memorial Stadium.

FTX filing for bankruptcy It was Friday after a week of exchange turmoil and cryptocurrency was the equivalent of a bank run.

It was Third largest cryptocurrency exchange Early last week in the world, its CEO and founder Sam Bankman-Fried stepped down.

The day they filed for bankruptcy, the Miami Heat and Miami-Dade County announced they would find new partners for the arena’s naming rights.

HEAT renames home arena after ending relationship with FTX

FTX has worked with many sports leagues and athletes. He had a contract with Mercedes for Formula One racing and a sponsorship deal with Major League Baseball. Mercedes announced on Friday that it will remove all FTX logos from its F1 cars. Tom Brady Stephen Curry also traded with the exchange.

recent investors filed a class action lawsuit Against Bankman-Fried, whose defendants are Brady, Curry, Shaquille O’Neal, Trevor Lawrence, David Ortiz, Shohei Ohtani and Naomi Osaka.

“The deceptive and unsuccessful FTX platform was based on false representations and deceptive practices,” the lawsuit states. found that FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors across the country using their mobile apps to invest. American consumers lost more than $11 billion in total.”

FTX Arena in Miami at night

The FTX Arena sign lit up for the Miami Heat playing November 12, 2022 in Miami. (AP Photo/Marta Lavandier, Files/AP Newsroom)

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bankman freed His net worth has reportedly plummeted from $30 billion to $15 billion.

Fox News’ Greg Norman contributed to this report.

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