Birdwatch Note Rating
2024-03-31 03:24:23 UTC - HELPFUL
Rated by Participant: E5C0C6294F163FD3F3214870BDA1D3B583DA1B41D3652AF778327883B356C898
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