Birdwatch Note Rating
2024-03-31 06:36:11 UTC - HELPFUL
Rated by Participant: 70AB5B41102CF68B1C70F9E76EEABD3D98B6992BDB5CEE6E2398B290FD7FA0AF
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