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News Explorer — IRS Says FTX Owes $44 Billion, May Be Prioritized Over Other Creditors

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May 10, 7:05 pm
Coindesk

IRS Says FTX Owes $44 Billion, May Be Prioritized Over Other Creditors

The United States Internal Revenue Service (IRS) has filed 45 claims worth nearly $44 billion against the estate of bankrupt crypto exchange FTX and its affiliated entities. The largest of the claims includes a $20.4 billion and a $7.9 billion claim against Alameda Research LLC and two claims totaling $9.5 billion against Alameda Research Holdings Inc. The claims are filed under the classification “Admin Priority”, which could give the IRS precedence over other creditors.

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