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.

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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