FTX Seeks Court Approval to Wipe Out US IRS’s $24B Claim
FTX disputes IRS claim of $24 billion, citing inflated amount and implausible tax obligation.
FTX disputes IRS claim of $24 billion, citing inflated amount and implausible tax obligation.
The proceeds from the sale will go towards repaying creditors owed billions of dollars.
If the judge signs off on it, DCG’s debt should be repaid in full by April.
FTT has exploded by 100% in the past two weeks and around 300% on a monthly basis.
FTX has effectively transferred an impressive $488 million across 48 distinct tokens since October 24.
The days of the crypto cowboys, such as FTX and Binance, are over, said O'Leary.
FTX and Alameda Research deposit $24M worth of assets (SOL, MATIC, ETH) onto Kraken and OKX, per Spot On Chain.
The FTX employee asserted that he had no knowlegde of FTX's fraudulent activities.
Sun and Ferrante said they would use the lessons from the FTX implosion to keep user funds safe.
The recent SBF verdict has sent shockwaves through the industry, leaving crypto leaders reevaluating their strategies.