Warriors pause partnership with FTX after cryptocurrency firm files for
bankruptcy
>SAN FRANCISCO, CALIFORNIA – OCTOBER 9: View of the court before the
Golden State Warriors vs. Los Angeles Lakers preseason NBA game at the
Chase Center in San Francisco, Calif., on Sunday, Oct. 9, 2022. (Jose
Carlos Fajardo/Bay Area News Group)
By MADELINE KENNEY | mkenney@bayareanewsgroup.com | Bay Area News Group
PUBLISHED: November 14, 2022 at 6:21 p.m. | UPDATED: November 14, 2022
at 6:41 p.m.
https://www.eastbaytimes.com/2022/11/14/warriors-pause-partnership-with-ftx-after-cryptocurrency-firm-files-for-bankruptcy/

SAN FRANCISCO — The Warriors are putting a pause to all FTX-related
promotional assets in the wake of the cryptocurrency firm filing for
bankruptcy.

A Jordan Poole bobblehead given to the first 10,000 fans at Monday’s
game against the San Antonio Spurs, which was planned far in advance to
last week’s news, would be the last FTX promotion in connection with the
Warriors, the team said.

All other in-arena promotions and advertisements have been removed for
the foreseeable future.

The news comes three days after the Miami Heat announced it was ending
their naming rights deal with the embroiled cryptocurrence exchange,
which filed for Chapter 11 bankruptcy protection last week after it
didn’t have enough cash on hand to cover customers rushing to withdraw
funds. The Mercedes Formula One team also suspended its partnership
agreement with the firm.

The quick collapse of FTX, one of the world’s largest cryptocurrency
exchanges until recently, could mean celebrity backers, including
Stephen Curry and Tom Brady, could “lose big,” according to MarketWatch.
FTX is now under investigation for potential sercurities violations, AP
previously reported.