Birdwatch Note Rating
2024-03-31 07:43:06 UTC - HELPFUL
Rated by Participant: 1EEAFFF96F19F51EAA9E8F060C06C9093944D79BF5F8A3A0F7544E3D96591C99
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