⚠️#FTX Settles $24 Billion Tax Claim with IRS

Crypto exchange FTX has reached a settlement with the Internal Revenue Service (IRS) to reduce its $24 billion claim to $200 million, payable within 60 days of approval of the company's reorganization plan.

In addition, the US tax agency will receive $685 million in lower priority claims, which will only be paid if funds are available after satisfying customers and other creditors. The agreement resolves a major issue in FTX's bankruptcy proceedings, allowing the company to continue paying customers and creditors. The settlement requires the approval of the bankruptcy judge and the implementation of FTX's reorganization plan. #3friends #ftx #FTX重启

Americans are really good at double standards. Compared with the heavy fines on Binance, the punishment for FTX is like a tickle🤮