Birdwatch Note Rating
2024-03-31 09:13:53 UTC - NOT_HELPFUL
Rated by Participant: 4A56C27B80E2C0E96894A8C793B70542983E7B0200A425CFE59E07697DC6A594
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