Birdwatch Note Rating
2024-03-31 04:40:45 UTC - HELPFUL
Rated by Participant: 19C404B9CDD7D92E5BEB3E08EC4A2CB1CEA20BF8A7BE34BA0F1774622FFE5958
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