Birdwatch Note Rating
2024-03-31 07:54:38 UTC - HELPFUL
Rated by Participant: 880F588A0468E4D4BCF1D1B35A1F11E30C7B821E76823C73EE31DBDC2E60EADE
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