Birdwatch Note Rating
2024-03-31 04:29:36 UTC - HELPFUL
Rated by Participant: B11AC8092C4584DD3BBB6BA3A13B779DFC69B728728FE1A8634E95150E2E45A2
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