FTX and IRS settlement.
FTX settles with the IRS for $200 million
The IRS initially claimed that FTX owed $44 billion in taxes
The $200 million payment will be made in 60 days
The IRS will also receive a secondary claim of $685 million
The settlement is pending court approval
FTX aims to reduce litigation risks and increase financial certainty for creditors and customers with this settlement
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