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The hacker could have said he is stepping down from TWTR because of massive financial fraud, and make money by trading TWTR.
by thermonot 7y ago
The hacker could have said he is stepping down from TWTR because of massive financial fraud, and make money by trading TWTR.
- paulpauper 7y agoexcept that governments would quickly try to freeze the banks and stock accounts
- filoleg 7y agoDoing so would make it really easy to trace it back to him, if he decides to make a trade big enough. The data of all trades on public markets is, after all, public.
- jes 7y agoIs it possible to make a substantial amount of money on such schemes while evading detection and subsequent prosecution? https://www.marketwatch.com/story/to-catch-a-thief-how-nasdaq-watches-for-insider-trading-2016-06-09 https://www.marketwatch.com/story/to-catch-a-thief-how-nasda...
- thermonot 7y agoYou don't do it by selling TWTR one minute before the hack. You use your brain a little. You prepare your positions months in advance, and hedge out market risks. You can also use less regulated brokers in far away places and trade TWTR derivatives.
- Phillipharryt 7y agoOk but brokers aren't less regulated, exchanges are, and Twitter isn't traded on every exchange.
- zelly 7y agoThere are a couple offshore companies that let you buy/sell stocks with Bitcoin semi-anonymously. The problem is you can't short, so your attack has to result in pumping the stock: "Taking Twitter private at $420 a share".
- dictum 7y agoIf you want jail time, insurance fraud is probably a tad quicker.