The NBA's Golden State Warriors have suspended their partnership with FTX

According to ChainCatcher news, foreign media reported that after the cryptocurrency exchange platform FTX announced its bankruptcy, the NBA's Golden State Warriors have suspended all partnerships related to FTX. All other in-arena promotions and advertisements have been removed. Additionally, the Mercedes Formula One team has also suspended its partnership agreement with FTX.

It is reported that on December 14, 2021, FTX provided the NBA's Golden State Warriors with a $10 million international sponsorship fee, and a partnership agreement was reached. This would allow FTX to gain brand positioning with the Warriors' G League team and NBA 2K esports team, and have the right to advertise at the Warriors' home arena, the Chase Center. Furthermore, FTX would also obtain the rights to issue NFTs during Warriors' RSN games and virtual venue inventory rights. (source link)