Plot hole: Prior to the final show, when the horsemen are performing separately at different locations in London. [Scene X] Jack is busy with his card swap trick. While others are doing their tricks too, [Scene Y] McKinney is believed to be tricked once again by his face sharing brother at another location... Dylan gets a call and then he calls everyone to wrap up and meet somewhere. [Scene Z] Jack also wraps up and leaves the place... OK. Later after the expose in final show McKinney tells the story about how Jack successfully hypnotized his brother [in the Scene Y]. How could Jack be at two different locations at the same time? He was performing somewhere else when he did hypnotism at another location and then wraps up his trick back where he started.
Now You See Me 2 (2016)
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Directed by: Jon M. Chu
Starring: Morgan Freeman, Mark Ruffalo, Daniel Radcliffe, Lizzy Caplan
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J. Daniel Atlas: We are going out with a show people will never forget.
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Answer: The only ones who knew the chip was fake were the Horsemen, no one else did. Walter did not know the chip was fake. The plan was to convince Walter that the chip was real so that they could lure him out of hiding with Walter attempting to kidnap and later kill them, and expose Walter to the public in doing so. They told the crowd after exposing Walter about the chip, because while it was a fake, they still had plans with it assuming it was real. If by "alert the FBI", you were referring to when Dylan gave the FBI director the evidence on Walter and Tressler, that was not the chip he gave to her, that was a hard drive containing all of Walter and Tressler's past dealings.
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