The IRS Says FTX Owes HOW Much!?
The Breakdown
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The Alameda Tax Bill and the US Bankruptcy Code
Alameda borrowed a couple billion dollars from FTX International. This is an Alameda tax bill so it needs to be paid by the Alameda silo. Under the US bankruptcy code, Uncle Sam has priority over unsecured creditors. One potential saving grace is if somehow the trust argument that all the assets customers deposited into FTX were held on trust manages to stand up in court.
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Transcript
