Birdwatch Note Rating
2024-03-31 02:09:02 UTC - HELPFUL
Rated by Participant: 79A4C0C647C7683A521A8E2D786A5F1F25166C44DA2666A7A4B88CDE944FE079
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