Crypto News

FTX Settles IRS Tax Claim: $24 Billion for Customer Reimbursement

Author : Renuka K

FTX has reached a landmark settlement with the IRS, agreeing to a $24 billion reimbursement for its customers. This resolution addresses the ongoing tax claims and marks a pivotal moment for the exchange, ensuring customer funds are prioritized. The settlement highlights FTX's commitment to compliance and customer trust, setting a precedent for future disputes in the cryptocurrency sector.

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