Birdwatch Note Rating
2024-03-31 01:09:10 UTC - HELPFUL
Rated by Participant: A1FE89B5E308F847436CB047A32C02E4829DE68F1B2EB57EAD7FC736A97D5C4B
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