A federal judge in Delaware Bankruptcy Court has taken steps to resolve a long-standing dispute between FTX and its largest creditor, the IRS, over unpaid taxes. The judge has scheduled a hearing for early next year to calculate FTX's debt to the IRS, which has been a sticking point in efforts to compensate the exchange's victims. The IRS claims that FTX owes $24 billion in unpaid taxes, but the judge has cautioned that the agency should not expect a multi-billion-dollar recovery. The judge has urged the attorneys for the IRS and FTX to work together to avoid going to trial and to resolve the case quickly and accurately.
All Comments