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What will be FTX's total payout to the IRS by the end of 2024?
5
Resolution / Starting Odds
Less than $300 million • 33%
$300 million to $500 million • 33%
More than $500 million • 33%
Official financial statements or announcements from FTX or the IRS
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.
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Above $10 billion • 33%
$5 billion to $10 billion • 33%
Below $5 billion • 34%
$5 million to $10 million • 25%
$10 million to $20 million • 25%
$20 million to $50 million • 25%
Over $50 million • 25%
$14.5B-$15.5B • 25%
$15.6B-$16.3B • 25%
$16.4B-$17.5B • 25%
Over $17.5B • 25%
118% • 25%
120% • 25%
125% • 25%
130% • 25%
Q3 2024 • 25%
Q4 2024 • 25%
2025 • 25%
After 2025 • 25%