The United States Department of Treasury and Internal Revenue Service (IRS) has filed 45 claims worth $44 billion against bankrupt crypto exchange FTX as well as its subsidiaries.

Assessed against FTX’s sister company Alameda Research LLC, the IRS seeks to bank $20.4 billion from the company due in partnership taxes and payroll taxes. Moreover, sums of $7.9 billion and another $2.0 billion are made against Alameda Research Holdings, citing “administrative priority” which enables such claims to supersede those of unsecured creditors during bankruptcy proceedings.

The infamous story behind the collapse and bankruptcy of FTX was quite the trendy topic back in November of 2022 according to data from Google Trends, which also shows that the term “FTX” remained heavily-searched until the start of the new year. The search term “SBF”, linked to the FTX chief Sam Bankman-Fried, is seemingly picking up momentum in May after dwindling throughout 2023.

Sources:

https://cointelegraph.com/news/irs-claiming-44b-from-ftx-bankruptcy-report

https://www.coindesk.com/business/2023/05/10/us-internal-revenue-service-files-claims-worth-44-billion-against-ftx-bankruptcy/

https://restructuring.ra.kroll.com/FTX/Home-ClaimInfo

https://trends.google.com/trends/explore?q=FTX&hl=en

https://trends.google.com/trends/explore?q=SBF&hl=en