FTX settles $24 billion tax claim with IRS

Odaily News FTX has reached a settlement with the IRS for $24 billion in tax claims, a small fraction of what the IRS said it owed, which will help FTX pay a large number of customer compensation. The IRS will receive $200 million in priority claims in the FTX bankruptcy case and will pay it within 60 days after the company's proposed reorganization plan takes effect. (Bloomberglaw)