5 ms·

Second infinite leverage bug found in Robinhood. Team post on r/wsb, gets banned

20 points by Moodles 7y ago

webninja 7y ago
Direct link: https://www.reddit.com/r/wallstreetbets/comments/e4k0l7/robinhood_infinite_money_glitch_step_by_step/?utm_source=share&utm_medium=ios_app&utm_name=iossmf https://www.reddit.com/r/wallstreetbets/comments/e4k0l7/robi...
- deleted 7y ago
  [deleted]
- toomuchtodo 7y ago
  Explanation: https://reddit.com/r/wallstreetbets/comments/e4vatr/infinite_price_improvement_explained/ https://reddit.com/r/wallstreetbets/comments/e4vatr/infinite... “Infinite price improvement”
danShumway 7y ago
Neither of these links provide much context to me. I'm assuming most of the people reading will already know what's going on, but if anyone's willing to post a quick summary with some context for my sake, I'd appreciate it.
- mdaniel 7y ago
  This was the previous discussion: https://news.ycombinator.com/item?id=21454344 https://news.ycombinator.com/item?id=21454344 With a lighthearted tl;dr of https://old.reddit.com/r/wallstreetbets/comments/dqg6xx/infinite_leverage_explained/ https://old.reddit.com/r/wallstreetbets/comments/dqg6xx/infi...
tinus_hn 7y ago
Is Hackernews really the right place for this kind of forum drama?
- rchaud 7y ago
  Reddit already has a subreddit to discuss in-Reddit drama: r/subredditdrama
- dsfyu404ed 7y ago
  This is probably a better forum for legitimate discussion for people not up to speed on the backstory. Reading the discussions on WSB is going to require you to parse out a lot of inside jokes and sarcasm.
- nwallin 7y ago
  Hackernews is not a good place for forum drama. Hackernews is a great place to discuss infinity money glitches in the MMORPG we call NASDAQ.
salawat 7y ago
https://www.reddit.com/r/wallstreetbets/comments/e4k0l7/robinhood_infinite_money_glitch_step_by_step/ https://www.reddit.com/r/wallstreetbets/comments/e4k0l7/robi... That is where the new glitch is detailed. Honestly, I'm surprised they're still allowing margin trading at all without a secondary complete audit of the functionality given that they clearly don't have the best regulatory requirement traceability.
ActorNightly 7y ago
Are there any downsides to making option trading illegal?
thefreeman 7y ago
This was actually shown to be a hoax, or at the least not reproducible. Most of the people selling the iron condors with ridiculous limit prices did not get filled.
perl4ever 7y ago
I don't know if this is a real thing, but this exchange kind of sums up what I think is probably the best case: "I couldn’t figure out a way to show it but when you receive your money when the iron condor expires your margin will double" "What do you plan to do with your increased margin? Lose more money than you have? That might be fun"

20 points by Moodles 7y ago

Direct link: https://www.reddit.com/r/wallstreetbets/comments/e4k0l7/robinhood_infinite_money_glitch_step_by_step/?utm_source=share&utm_medium=ios_app&utm_name=iossmf https://www.reddit.com/r/wallstreetbets/comments/e4k0l7/robi...

deleted 7y ago
[deleted]
toomuchtodo 7y ago
Explanation: https://reddit.com/r/wallstreetbets/comments/e4vatr/infinite_price_improvement_explained/ https://reddit.com/r/wallstreetbets/comments/e4vatr/infinite... “Infinite price improvement”

danShumway 7y ago

Neither of these links provide much context to me. I'm assuming most of the people reading will already know what's going on, but if anyone's willing to post a quick summary with some context for my sake, I'd appreciate it.

mdaniel 7y ago
This was the previous discussion: https://news.ycombinator.com/item?id=21454344 https://news.ycombinator.com/item?id=21454344 With a lighthearted tl;dr of https://old.reddit.com/r/wallstreetbets/comments/dqg6xx/infinite_leverage_explained/ https://old.reddit.com/r/wallstreetbets/comments/dqg6xx/infi...

tinus_hn 7y ago

Is Hackernews really the right place for this kind of forum drama?

rchaud 7y ago
Reddit already has a subreddit to discuss in-Reddit drama: r/subredditdrama
dsfyu404ed 7y ago
This is probably a better forum for legitimate discussion for people not up to speed on the backstory. Reading the discussions on WSB is going to require you to parse out a lot of inside jokes and sarcasm.
nwallin 7y ago
Hackernews is not a good place for forum drama. Hackernews is a great place to discuss infinity money glitches in the MMORPG we call NASDAQ.

salawat 7y ago

https://www.reddit.com/r/wallstreetbets/comments/e4k0l7/robinhood_infinite_money_glitch_step_by_step/ https://www.reddit.com/r/wallstreetbets/comments/e4k0l7/robi... That is where the new glitch is detailed. Honestly, I'm surprised they're still allowing margin trading at all without a secondary complete audit of the functionality given that they clearly don't have the best regulatory requirement traceability.

ActorNightly 7y ago

Are there any downsides to making option trading illegal?

thefreeman 7y ago

This was actually shown to be a hoax, or at the least not reproducible. Most of the people selling the iron condors with ridiculous limit prices did not get filled.

perl4ever 7y ago

I don't know if this is a real thing, but this exchange kind of sums up what I think is probably the best case: "I couldn’t figure out a way to show it but when you receive your money when the iron condor expires your margin will double" "What do you plan to do with your increased margin? Lose more money than you have? That might be fun"