FTX has reached a settlement with the Internal Revenue Service (IRS) to resolve its $24 billion tax claim. Under the settlement, the IRS will receive a priority claim of $200 million and a secondary claim of $685 million. FTX said it will pay $200 million to the IRS within 60 days of its bankruptcy reorganization plan taking effect, and another $685 million after customers and other creditors are paid. FTX also said it will repay customers' funds in full. This bull market has brought FTX back to life~