IRS Targets Bankrupt FTX Crypto Exchange With $44B Blow — Will They Withstand Financial Assault?

The US Internal Revenue Service (IRS) has submitted claims totaling almost $44 billion against the estate of the now-defunct cryptocurrency exchange FTX (CRYPTO: FTT) and its associated companies. Bankruptcy documents filed on April 27 and April 28 indicate that the IRS presented 45 claims against various FTX entities, including West Realm Shires (FTX.