US’ IRS Files Lawsuit against FTX Group of Companies

The IRS has filed 45 lawsuits against the bankrupt FTX exchange and its subsidiaries, seeking a total of $44 billion.

The largest claims, for $20.4 billion and $7.9 billion, are directed against Alameda Research LLC.

The IRS is also seeking about $20 billion in partnership taxes, as well as unpaid income deductions and payroll taxes.

The applications have been filed under an “administrative priority” classification, meaning the agency’s claims come ahead of other creditors in the bankruptcy case.

The other entities sued by the IRS include West Realm Shires, Ledger Holdings, Blockfolio, and others.

In May, FTX lawyers demanded a return of $4 billion from the bankrupt crypto-lending platform Genesis, and a court approved a deal between FTX and Miami International Holdings’ subsidiary to sell the crypto derivatives platform LedgerX for $50 million.