Birdwatch Note Rating
2024-03-31 07:55:19 UTC - NOT_HELPFUL
Rated by Participant: 15D0A8B34A54E0B29FCDB54E5A1F53DF1D9A0E76F0EDA2FA487B013408F51476
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