FTX Estate Faces Estimated $3 To $5 Billion in US Government Claims Amid Bankruptcy Proceedings, Court Filing Shows

U.S. government claims against the bankrupt crypto exchange FTX are expected to total between $3 and $5 billion, according to a court filing on Wednesday, subject to change and negotiations with applicable authorities. The United States District Court for the Southern District of New York filing stated that the total amount of U.S. tax claims remains uncertain but that once all the government and tax claims are paid, the debtors can use the remaining proceeds to make distributions to shareholders.

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