FTX wants to pay the IRS $200 million instead of $24 billion in tax liabilities
Restructuring
• June 4, 2024, 2:16PM EDT
Published 1 minute earlier on Quick Take
FTX argued in bankruptcy court that it owes significantly less than the IRS claimed.
FTX is not responsible for Bankman-Fried’s misappropriated customer funds, the firm argued.
The case’s objection deadline is June 17 and its hearing date is June 25, 2024.
FTX Trading Ltd, the legal name for Sam Bankman-Fried's collapsed crypto exchange FTX, is seeking to significantly reduce its tax debt to the United States I...
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