The bankruptcy judge for FTX plans to hold a hearing early next year to review the issue of unpaid taxes owed by FTX to the U.S. Internal Revenue Service

The federal judge in the FTX bankruptcy case has taken action to end the long-standing dispute between FTX and its largest creditor, indicating that the court may be trying to expedite efforts to recover customer funds from the failed crypto company FTX's assets.

Judge John Dorsey of the Delaware Bankruptcy Court in the United States plans to hold a hearing early next year to calculate this cryptocurrency exchange's debt to the Internal Revenue Service (IRS), which has been a stumbling block for paying compensation to numerous victims of the exchange. As FTX's largest creditor, IRS claims must be resolved before victims of FTX can recoup their losses.

The judge stated that although FTX's bankruptcy case is "complex", it still needs faster resolution. He warned that IRS should not expect billions of dollars in recovery as there is currently no evidence showing exactly how much tax debtors owe.

Earlier this week, it was reported that FTX said: The $24 billion tax demanded by IRS is "absurd and baseless".