Birdwatch Note Rating
2024-03-31 04:01:17 UTC - HELPFUL
Rated by Participant: 8F2A84772E299C8F1A07458B95C0527B0DD00D010F32EDB1DAC387268DBABE67
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