According to Foresight News, Bloomberg reported that FTX reached a settlement with the IRS on a $24 billion tax claim. The settlement amount is only a small fraction of what the IRS claims it owes, which will help FTX pay a large number of customer compensation. The IRS will receive a priority claim of $200 million in the FTX bankruptcy case and will pay it within 60 days after the company's proposed reorganization plan takes effect. The agency will also receive a lower priority claim of $685 million, "paid to customers and other creditors on a secondary basis" and "when funds are available."
