Birdwatch Note Rating
2024-03-31 10:16:30 UTC - HELPFUL
Rated by Participant: 8D0DB1E775FC4BAF69F05185588682252BE4EBAE0ADCE90BF5A6A134D8D36011
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