Birdwatch Note Rating
2024-04-01 18:18:29 UTC - HELPFUL
Rated by Participant: FB8F92E3AE3085967EC7F136C2F042B17E470D9373EFE665E6C28BF76C519F8D
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