IRS Asserts First Dibs On FTX Bankruptcy Payout To Recover $44 Billion In Taxes
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The US Internal Revenue Service (IRS) has filed tax claims in the FTX bankruptcy as the defunct exchange’s creditors seek fund reimbursement. This recent report shows the IRS filed dues of $44 billion in taxes associated with FTX and its subsidiaries. The disclosure revealed the agency filed the tax bill under administrative claims, prioritizing them over the creditors’ claims in the bankruptcy case. Will Court Prioritize IRS Claims Over Creditors? A filing by the IRS claiming billions of dollars in tax owed by Alameda Research has been circulating online. The filing shows the IRS is claiming over $20.4 billion in unpaid
The disgraced FTX Founder Sam Bankman-Fried stirred fresh controversy early Friday with an X post. He quotes the creditor advocate My Purple who branded the exchange’s bankruptcy proceedings as “the shadiest” he’s seen. The message, shared via proxy as Bankman-Fried serves a 25-year sentence for fraud and money laundering, highlighted…
IRS & SEC get listed as creditors in the bankruptcy filing by Genesis Genesis has filed for bankruptcy protection naming several credits in the court document. While some names have been redacted, the documents reveal a few names that can be referred to get an idea about the creditors. Reportedly,…
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