FTX Settles $24 Billion Tax Claim with IRS

FTX Settles $24 Billion in Claims with IRS Settlement is a small fraction of what is owed under IRS jurisdiction and helps FTX pay large customer settlements. The IRS received 2 priority claims in FTX's bankruptcy proceedings and will pay them within 60 days of the effective date of the company's reorganization plan. The exchange received a lower message of 6.85% “to be paid to other creditors on a subordinated basis” and “subject to the availability of funds.”