The other big red flag is that these altcoins are often valued on some tiny fraction of the possible supply. For example, In the case of Scam Bankster-Fraud of FTX/Alameda, they were valuing their pet “cryptos” (e.g. FTT, SRM, OXY, MAPS) based on a very tiny portion of the actual total supply. It’s easy to manipulate the value when it’s only a small amount that actually trades on the platform, while most of the supply is locked away or held back by insiders. In doing so, they were able to buy all kinds of sports arena naming rights, politicians, media and industry support.