Today I Want to talk about how the 43 million Apfts were illegally covered and hidden inside the FTX tokenized swaps. I Also want to talk about how the crypto contagion is already spreading, how numerous other exchanges are already going under, and how this will continue to get much worse. So stay tuned and let's make some money now. I Want to dive straight in with the key information. So Cornelius The Ape Tweety thing is the SEC complicit in allowing broker dealers and the Dtcc to use tokenized Securities as the collateralized asset to provide the like kind Securities needed to kick the FDD can down the road, allowing them to use the AMC tokenized Securities as a placeholder while not having the underlying assets of both AMC and Ape. So it says here that Regulation Sho Rule 204 provides an extended period of time to close out certain failures to deliver specifically for failure to deliver position results from the sale of a security that a person is deemed to own and that such person intends to deliver. As soon as restrictions on the delivery have been removed, the firm has up to 35 calendar days following the trade day to close out the failure to deliver position by purchasing Securities of a like kind and quantity. So it doesn't say the exact same Securities with the exact same Q-sip number need to be purchased. It just says that Securities of like kind and quantity need to be purchased. So this basically means these broker dealers and market makers can fail to deliver on the genuine AMC and Ape shares and instead say look guys, we found these extra shares over on FDX. They've got the same like kind and even quantity so we're just going to buy these or locate these ones instead. You may say hang on Tom How exactly does this tie into Ape as well? We know that FTX had 400 million AMC tokenized stocks. We know that Bittrex had 625 million AMC Tokeno stocks as well, but who was holding any Ape tokenized stocks and did they even exist? Well, a quick Google search shows that Kraken was holding AMC Entertainment Preferred Tokenized Stocks on FTX Basically saying that FTX not only issued AMC tokenized stocks, but they also issued AMC Preferred Equity or Ape tokenized stocks as well. It even says here the price of AMC Entertainment Preferred Tokenized stock on FTX is 1.53 per the ticker Ape AMC So these tokenized stocks aren't specifically AMC tokenized stocks. they are Ape AMC tokenized stocks aka the AMC Preferred, Equity Securities or the Apes. But now the really weird part of it is when we click onto Kraken and try and find the actual page that shows all the details about these Ape tokenized stocks, it says that something went wrong. It seems these ape Securities have already been delisted from Kraken. but if we go back, we can see some clear evidence of these AMC Entertainment Preferred Tokenized stocks actually trading from different websites like Coing Gecko. If we look on Coin Gecko, we can see these Ape tokenized Security started trading on Monday 19th September obviously when Ape was released, but interestingly, they were seemingly delisted on the 10th of November just as FDX started blowing up. If we look down a smidge lower to the markets, we can see that FTX was indeed listing these ape AMC to USD tokenized Securities and there was even quite a significant traded volume as well. But again, interestingly enough, it doesn't show the the Kraken Ape AMC tokenized Securities Maybe they were delisted or removed at some time before, but it goes to show these tokenized Securities were both applicable to AMC and Ape as well. And it's likely these hedge funds and market makers and broker dealers use these Ape tokenized Securities to hide these 43 million Ftds. Obviously, the eight tokenized Security started trading back in September and the AMC tokenized Security started trading back in January of 2021. And therefore, it's likely these broker dealers and these market makers have been abusing this tactic for some time now, but obviously due to the implosion of FDX, this can no longer happen. This is just another Avenue or another Escape Route for these shorts and these market makers that has now been closed. Also guys, if you haven't already, be sure to sign up to Momo. The platform is very easy to use and you can even create your own 1340 indicators and use other indicators like the Mfi money flow index. And right now MooMoo is currently celebrating their 10th anniversary nursery and he's currently giving away ten dollars absolutely free and 15 free shares on top of that worth up to two thousand dollars each. And Mumu is also celebrating their 10th anniversary and is currently giving away ten dollars absolutely free and 15 free shares on top of that worth up to two thousand dollars each. This is brilliant if you're a new investor just starting your journey, or if you're an experienced investor, a veteran investor and you just need some more tools. And as Nate Daddy tweeted he said they're getting worried, angry, and they're slipping up, they're surrounded. It's likely that Gary Gensler will be forced to take down a few to cover himself. The next step is they begin to turn on each other hedge funds and Banks the first to cover loses the least as more and more of these Escape Routes are being closed. For these broker dealers, market makers, and hedge funds, there's less and less ways they can escape the squeeze and therefore it won't be long until they start turning on each other. They will soon realize that all of the Escape Routes are being closed off or have been closed off will be a mad rush and a mad Panic to close out of their short positions. First, Obviously, the first to close out likely won't end up going bankrupt, but those that don't decide to close out straight away will be liquidated and on top of that. Another way these hedge funds are messing up is by failing to report Ape on their 13f forms. As Hang Loose tweeted, he said, the biggest story in the stock market today is why have 507 institutions failed to report their 13f Holdings on Ape? This is a mass scale of violations of the SEC 13f reporting rules. He said it was issued in Quarter three and the final day of quarter three was the 30th of September meaning all 13fs needed to be reported. We can see that AMC has 536 registered institutional holders, whereas Ape, on the other hand, seems to only have 29. And Tony Dinaro tweeted saying, you bring up an excellent question here about the 8 13 F's only 29 have been filed. Did these institutions sell Ape before the 30th of September Well, if that's the case, retail should surely own every single share. Or maybe their AMC shares were loaned out so they didn't ever receive any Ape shares. Or maybe there's not enough Ape shares and that's why they received Ious or synthetic shares, which they can't report. Obviously, we know there's not enough Ape shares to go around, and that's why a number of hedge funds never even received a single Ape. They could have potentially also been issued Ious instead, which they obviously can't report. Henley's replied saying absolutely It would appear that if institutions had sold all their Ape or but 1.5 million shares of it, must have gone to retail investors. Otherwise, the rest of the 13f filings should have been filed yesterday, but Alex also replied saying what about the exemption Clause that allows some institutions not to disclose some positions in their 13f filings. If it's thought that such a disclosure would reveal the investment strategy of the firm or if it would be detrimental to the firm itself, potentially revealing some kind of fraud boards, it's likely these institutions have specifically applied to the SEC and to Finra to ensure that Ape doesn't have to be disclosed on their 13f filings as obviously it would reveal their investment strategy or would be damaging to the overall firm. But obviously if that is the case, it's basically an admission of guilt that he know that if they do disclose their Apes shares, it would be damaging for the firm because it would reveal some kind of synthetic shares. But we're also seeing the current crypto collapse contagion already spreading and I do think it's going to continue getting much worse as go. Gavin tweeted He said he's hearing some chatter about Gemini not having enough funds to cover customer deposits and also Gemini is trying to raise funds from investors. Again, it's not just Gemini that's struggling because Genesis has also halted all withdrawals. The parent company of both Genesis and Grayscale is the single largest holder of Bitcoin holding 11 billion dollars worth. Obviously, if the parent company of both Genesis and Grayscale is in silver, this could potentially actually mean that 11 billion dollars worth of bitcoin is about to be dumped into the open markets. But again, it's not just Gemini, It's not just Genesis, but also the Australian Base Exchange Digital Surge has temporarily suspended withdrawals and deposits, citing a limited exposure to FTX. Really, their exposure can't be very limited if they're having to suspend withdrawals and are likely going insolvent just like many other exchangers are right now. But some positive news is that the FBI is planning to extradite Sandback and freed from the Bahamas as the crypto contagion from the FDX collapse spreads to 20 billion dollars. If Sam is actually extradited, he may indeed actually face some kind of criminal charges and may end up going to jail. But as a result of the current contagion and the shape of the current market and Market Dynamic Michael Berry has tweeted saying you have no idea how short I am Michael Berry has obviously opened up a very large short position on the wider Market or maybe specifically, the property Market or maybe specifically, the crypto Market Mac 10 Also tweeted this chart of the market showing the current market, dynamic, or current market Direction basically suggesting there's a significant fall further to come. Mach 10 is expecting the S P 500 to continue falling all the way down to around 3 000 points. and potentially even below we've seen the S P 500 has reached its current Peak bullish top and is likely to roll over and continue falling until the S P 500 hits 300 points or below. But guys, be sure to let me know what you think down in the comments below. And as always, guys, be sure to ding that notification Bell because that way you'll be alerted when I put a new video Cheers.