Birdwatch Note Rating
2024-03-31 04:21:17 UTC - HELPFUL
Rated by Participant: 57C350365F17E623A8A054DC18EC8784A2AB1F90EFDF1EB9F688DA0DD9AA224B
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