Ain’t no way they were backed 1:1. Synthetic shares
by Larry Chiang on October 27, 2023
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| SBF said that FTX supposedly had 400,000,000 $AMC tokens and they were backed 1:1 with shares.
$AMC total float around that time was like 518,000,000
Ain’t no way they were backed 1:1.
Synthetic shares, indeed. |
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| 10/26/23, 6:48 PM |
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