Birdwatch Note Rating
2024-03-31 11:17:50 UTC - NOT_HELPFUL
Rated by Participant: 009C4EF642F1B71EA2716F752753E74DA16E75D4635C4A5CE283F2B32412C139
Participant Details
Original Note:
FTX was only valued at $32B based on fraudulent accounting that treated transactions with its affiliated hedge fund incorrectly. The valuation was based on false accounting, and the false accounting relied on related party transactions with the hedge fund. https://www.investopedia.com/what-went-wrong-with-ftx-6828447
All Note Details