U.S. Internal Revenue Service Files Claims Worth $44 Billion Against FTX Bankruptcy
Source: Coindesk
U.S. Internal Revenue Service Files Claims Worth $44 Billion Against FTX Bankruptcy
The largest of the claims includes a $20.4 billion claim against Alameda Research LLC, which details nearly $20 billion in unpaid partnership taxes.
By Tracy Wang
May 10, 2023 at 3:05 p.m.
Updated May 11, 2023 at 1:29 p.m.
The United States Internal Revenue Service (IRS) has filed claims worth nearly $44 billion against the estate of bankrupt crypto exchange FTX and its affiliated entities.
According to bankruptcy filings dated April 27 and 28, the IRS put forth 45 claims against FTX companies, which include West Realm Shires (the legal entity of FTX.US), Ledger Holdings (the parent company of LedgerX and LedgerPrime) and Blockfolio, among others.
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 allow the IRS’ claims to take precedence over the claims of other creditors in a bankruptcy case.
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Read more: https://www.coindesk.com/business/2023/05/10/us-internal-revenue-service-files-claims-worth-44-billion-against-ftx-bankruptcy/