Birdwatch Note Rating
2024-03-31 11:01:47 UTC - HELPFUL
Rated by Participant: ED26A01628CF2A6045EC4D7EE55D86BA30F3FFF2FE2751F6C94A5779FF03D386
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