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FTX Reaches Settlement With IRS on $24 Billion Tax Claim

FTX Reaches Settlement With IRS on $24 Billion Tax Claim



Crypto exchange FTX has reached a settlement with the Internal Revenue Service (IRS), reducing its $24 billion claim to $200 million to be paid within 60 days after the company’s restructuring plan is approved. Additionally, the U.S. tax authority will receive a $685 million lower priority claim, payable only if funds are available after satisfying […]



Source: https://news.bitcoin.com/ftx-reaches-settlement-with-irs-on-24-billion-tax-claim/

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