Birdwatch Note Rating
2024-03-31 05:17:16 UTC - NOT_HELPFUL
Rated by Participant: AF299F47527F95F7538A7691140D6441155C79ACDC54E3D353187C775FF01FA8
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