Birdwatch Note Rating
2024-03-31 00:01:20 UTC - HELPFUL
Rated by Participant: 763B572184C6AA70E9B77FB55338149A1DE686301757526CD4322B5F406A94E7
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