Birdwatch Note Rating
2024-03-31 03:29:01 UTC - HELPFUL
Rated by Participant: 3BD32411E3E59F61E38D7C298F37D94D1A7EEF3CE035958AC0D1EA86CAB2FC56
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