AMC Update: 34.69 TRILLION Tokenized shares! The Amount Of Fraud Is Insane.
August 21, 2024
“Token Total Supply: 34,690,000,000,000.00
Total Token Holders: 2,933…”
https://etherscan.io/token/tokenholderchart/0x426a688eE72811773eB64F5717A32981B56F10c1
This blows the fraud of FTX out the water. It looks like child’s play in comparison.
“Did Sam Bankman-Fried’s FTX ‘Manipulate’ AMC Stock?
…The Chainsaw had previously reported that it had discovered a contract for a total supply of 525,000 wrapped AMC tokens that were listed on FTX. This contradicts previous reports that stated there were a total of about 400 million tokenized AMC shares and raises concerns as to whether FTX owned the underlying AMC shares…”
https://investorplace.com/2022/12/did-sam-bankman-frieds-ftx-manipulate-amc-stock/
For reference this is the total number of AMC shares below:
“Share Statistics
AMC has 361.35 million shares outstanding. The number of shares has increased by 52.60% in one year…”
https://stockanalysis.com/stocks/amc/statistics
This is unbelievable! The amount of crime is insane. Ok, at this point lawsuits must happen. This amount of fraud has to be shut down. There is no way hedge funds can cover this. There’s no way anyone can cover this.