Birdwatch Note Rating
2024-03-30 23:53:11 UTC - HELPFUL
Rated by Participant: D55F581C71348850F3A4B0B8B62353B5A19CE29AEF9B6635FF957E6F88B3EAE0
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