Birdwatch Note Rating
2024-03-31 03:08:59 UTC - HELPFUL
Rated by Participant: 0CEF0D4F70FADCB3BAAAD30AACC6C7BD08883C10AD448E4330D0D4596DB2DCFF
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