Birdwatch Note Rating
2024-04-01 11:26:53 UTC - HELPFUL
Rated by Participant: F95972D25171A71F7F5CF6DB975A3C0BBF1B420B7E63DCCE9FD8792EE0D61AFD
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