FTX, IRS Propose Settling $8B Tax Fight For Just $885M

By Hailey Konnath

FTX and the Internal Revenue Service have reached a proposed settlement worth roughly $885 million that would resolve the agency's contention that the bankrupt cryptocurrency exchange operator owes $8 billion in taxes, according to a motion filed Monday in Delaware federal bankruptcy court.

 Motion attached | Read full article » | Save to favorites »