FTX Says It Doesn't Have To Pay $24B Tax Bill To IRS
By Emlyn Cameron · December 12, 2023, 4:02 PM EST
FTX recently told a Delaware bankruptcy judge the company stands by its estimate that its losses mean the cryptocurrency exchange doesn't owe anything to the Internal Revenue Service, which billed the...
Cryptocurrency exchange FTX filed for Chapter 11 on Nov. 11, 2022, after a rapid collapse in value.
Case Number
1:22-bk-11068
Judge
John Dorsey
Venue
U.S. Bankruptcy Court for the District of Delaware
Capital Structure
Total Liabilities:
Total liabilities are still to be determined, as a full plan has yet to be filed and FTX's tax liability is still being resolved. The IRS has filed a claim for $8 billion.