FTX Reaches Settlement with the United States Internal Revenue Service, Resolving $24 Billion Exorbitant Claim

06/04/2024

According to Bloomberg, FTX has resolved a $24 billion claim from the US Internal Revenue Service (IRS), which only accounts for a small portion of the total debt claimed by the agency. This is undoubtedly good news for general creditors.

After the restructuring plan takes effect, the IRS can receive $200 million within 60 days, and if funds permit, an additional $685 million.

FTX previously stated that if the court accepts the IRS’s claims, users can receive compensation.

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