Birdwatch Note Rating
2024-03-31 03:13:17 UTC - HELPFUL
Rated by Participant: 14865CD7C65DF4A42AFECDED5037659F8E39AC91ABF6BBFD6CAE848B7DEF8DA1
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