The IRS has been signaling hard the past few years -- to all employers, big and small -- that the "contractor" category only works if you meet a bunch of tests. Anyone with a Gusto account, or a working HR department, knows this.

From a social-equity standpoint, I'd rather see FTX depositors get some cash, instead of having the IRS book the biggest recoveries. But in terms of what the law is, if we're looking at total FTX contempt for the right way to classify people on its payroll, it's hard to argue against the IRS coming down hard on this one.