Defunct exchange FTX and the United States Internal Revenue Service (IRS) are locked in a dispute over an unpaid tax claim. FTX and the IRS have reached a settlement agreement. The exchange’s ...
FTX, formerly one of the largest crypto trading exchanges in the world, may be getting a tax break. A proposed settlement ...
FTX creditors learned that 98% of them will receive up to 118% of their lost funds following the exchange’s implosion.
The change was communicated to customers and creditors through an update, explaining that this new timeline would provide them with 10 to 12 more weeks to submit their claims. Customers of FTX ...
FTX has reached a tentative settlement with the IRS to resolve a $24 billion tax claim for a significantly lower amount. Under the settlement, the IRS will receive a $200 million priority claim to be ...
FTX has marked a complete exit from Anthropic. The exchange bagged nearly $800 million in profit. FTX’s bankruptcy costs will likely swallow the proceeds. FTX is leaving no stone unturned as it ...
FTX has extended the deadline for creditors to submit proof of debt to late July or early August. The extension aligns with the Chapter 11 reorganization plan’s voting deadline in the U.S. Creditors ...
A group of FTX creditors, led by Sunil Kavuri, has filed an objection to FTX’s bankruptcy reorganization plan. They reject it on several grounds, including the assertion that it does not serve ...
Bankrupt cryptocurrency exchange FTX has reached a tentative agreement with the United States Internal Revenue Service (IRS) to settle a $24 billion tax dispute. This follows an initial claim by the ...