Birdwatch Note Rating
2024-03-31 09:28:40 UTC - HELPFUL
Rated by Participant: 4BFC60782E8619324455A61A4894BD7E638B75C0F1B67555F4EF0C8273FFD87B
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