- The exchange and its affiliates are accused of tax evasion
- The largest lawsuit filed against Alameda Research – for $ 20.4 billion
- At the same time, the tax authority received the highest priority in the return of funds.
At the end of April, the IRS (US Internal Revenue Service) filed 45 lawsuits against FTX and its affiliates. The total amount of the claim exceeds $44 billion.
Two lawsuits have been filed against Alameda Research LLC, for $20.4 billion and $7.9 billion. The IRS accuses the company of failing to pay taxes on corporate and affiliate income.
In addition to this company, the tax office put forward claims to West Realm Shires (a subsidiary of FTX.US), LedgerX, whose sale was recently approved by the court, and Blockfolio.
Notably, the IRS requirements are labeled as “administrative”. This means that the agency will receive the highest priority for payment when the counterparty is liquidated.
The department declined to comment on the situation, citing the fact that the law prohibits the service from disclosing the details of the case.
Note that the exact amount of FTX assets is still unknown. Immediately after the bankruptcy, it was about $5 billion, then about $10 billion. But even if this figure were twice as high, there would still not be enough money. A tax claim jeopardizes the very fact that anyone else will receive compensation at all.
We previously reported that a book was published on Amazon about the bankruptcy of FTX and SBF. Oddly enough, but Bankman-Fried appears in it not as a swindler, but as a kind of hero of Antiquity.
