Loading...
Market
What fraction of FTX's total liabilities will be resolved by the end of 2024?
5
Resolution / Starting Odds
Less than 25% • 33%
25% to 50% • 33%
More than 50% • 33%
Official financial statements or announcements from FTX
Story
FTX Reaches $24 Billion Tax Settlement with IRS for $200 Million, Pending Approval
Jun 4, 2024, 04:40 PM
FTX has reached a settlement with the Internal Revenue Service (IRS) regarding a $24 billion tax claim in bankruptcy court. The settlement involves FTX paying $200 million in priority claims and an additional $685 million in lower priority claims. This agreement, which is still pending a judge's approval, significantly reduces the amount FTX owes to the IRS, clearing the way for the crypto exchange to pay out significant customer recoveries. The $200 million priority claim must be paid within 60 days.
View original story
Similar markets
118% • 25%
120% • 25%
125% • 25%
130% • 25%
100% or more • 33%
75% to 99% • 33%
Less than 75% • 34%
Amicable settlement • 33%
Court intervention • 33%
Partial settlements • 34%
Q3 2024 • 25%
Q4 2024 • 25%
2025 • 25%
After 2025 • 25%
Above $10 billion • 33%
$5 billion to $10 billion • 33%
Below $5 billion • 34%
$14.5B-$15.5B • 25%
$15.6B-$16.3B • 25%
$16.4B-$17.5B • 25%
Over $17.5B • 25%
Fully Recovered • 33%
Partially Recovered • 34%
Not Recovered • 33%