Birdwatch Note Rating
2024-03-31 04:16:31 UTC - HELPFUL
Rated by Participant: DF63B30342D790FB7695BED8E19ECBF6FFA5E8AD7C1785C7BB1FDD376F23C64C
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