A hearing on the payment of debt by crypto exchanges has been scheduled by the US Internal Revenue Service (IRS) for early next year. According to IRS, FTX’s debt to customers amounts to more than $24 billion. However, IRS claims must be settled before damages are reimbursed to FTX victims.
It is not yet clear whether the court’s assessment will affect FTX’s debt to the IRS for tax refunds. At the same time, Judge Dorsey warned the IRS that expectations regarding multibillion-dollar payments should be tempered, since there is currently insufficient evidence of tax arrears.
At the same time, the judge advised the lawyers of the parties to study the FTX tax information and join forces to avoid litigation.