FTX Resolves $24 Billion IRS Tax Claim With $885 Million Settlement
June 05, 2024 at 10:10 AM EDT
FTX agrees to an $885 million settlement on a $24 billion IRS claim after announcing that 98% of creditors will receive 118% of their claims in cash. IRS to receive a first claim of $200 million with additional funds contingent on available assets.
