Birdwatch Note Rating
2024-03-31 08:06:29 UTC - HELPFUL
Rated by Participant: F40D9486ECE82DEF74DAE4FE3E1879254866B894F3F4B5E55626BBE53CA9E63F
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