Birdwatch Note Rating
2024-03-31 01:44:46 UTC - HELPFUL
Rated by Participant: B06E6C1694F0A0CE75DA9DDFAE8BBF75A36F6A35A9DAD859D1D0620266D79019
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