IRS claiming $44B from FTX bankruptcy: Report
The single biggest claim involves unpaid partnership and income taxes of $20.4 billion assessed against Alameda Research. The United States Department of Treasury and Internal Revenue Service (IRS) have filed 45 claim s worth $44 billion against bankrupt cryptocurrency exchange FTX and its subsidiaries. In what appears to be a tax bill for FTX's sister company Alameda Research LLC that circulated online on May 10, the IRS assessed the firm $20.4 billion due in partnership taxes and payroll taxes. The assessment appears to match the IRS claim found on the website of Kroll Restructuring Administration, FTX's claim s agent. A further $7.9 billion claim is made by the IRS against Alameda Research LLC, while two claim s, $7.5 billion and $2.0 billion, are made against Alameda Research Holdings. The IRS filed the claim s under Admin Priority, enabling its claim s to supersede that of lower-level creditors during bankrupt cy proceedings. While Alameda Research was headquartered ...