Birdwatch Note Rating
2024-03-31 05:12:59 UTC - HELPFUL
Rated by Participant: 7BE03BE04174024FA2DC3B22E1B4D9A6F0C87B6CC084BA2D67627D6B5F058C09
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