FTX Challenges IRS 🤝💼

FTX says IRS demand for $24 billion in unpaid taxes is delaying recovery of user funds

In the latest twist of the FTX-IRS saga, FTX lawyers demand the IRS substantiate its $24 billion tax claim, calling it "absurd and meritless." FTX, in bankruptcy, contends it never earned enough to owe such colossal taxes. The IRS, reducing its initial $44 billion claim, insists on its estimation's correctness. FTX claims the IRS's stance delays creditor payouts. The legal showdown continues with the next hearing on Dec. 13. Stay tuned for updates! ⚖️💸 #FTX #IRSLawsuit #LegalDrama #FTT #FTXTrial