Birdwatch Note Rating
2024-03-31 04:12:58 UTC - SOMEWHAT_HELPFUL
Rated by Participant: AEC0D2A5EEF2A5E2A4C286E419AD127CC99DA77C7D48F7B7CFC496BA999A3FDC
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