Birdwatch Note Rating
2024-03-31 02:58:09 UTC - HELPFUL
Rated by Participant: EDF3B7EA9950EF88F9C91E334F083C3F092C5A233C8B8ABB05FC2A281AA47E47
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