Birdwatch Note Rating
2024-03-31 06:29:56 UTC - HELPFUL
Rated by Participant: E0C0ECC82330AA0494199E9015C68F5FAFB657B1B163BFE123B1E622CE39C6EC
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