Birdwatch Note Rating
2024-03-31 02:20:07 UTC - HELPFUL
Rated by Participant: EB45D31B993BB018C1F761E6671A545EC67B7A3BE9FCAEF70EB2599B361743A3
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