Birdwatch Note Rating
2024-04-01 11:14:07 UTC - HELPFUL
Rated by Participant: 7F421BAB4B71F3F22D47F4A8897C9C5AB65C205C2BAE07306AA2FC53C690C594
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