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Yes, but there's a lot of room between ~$150k (that the defrauded bitcoins are worth) and what counts as "serious money" that will get you caught -- contradicti
by SilasX 6y ago
Yes, but there's a lot of room between ~$150k (that the defrauded bitcoins are worth) and what counts as "serious money" that will get you caught -- contradicting the clickbait thesis of "you couldn't have made more money" than the hacker. This is especially true in an environment of a stock that's heavily shorted already.
And if you really want to be pedantic, the hacker has made $0 from it so far, since the Bitcoins haven't been transferred anywhere to cash out. Which is pretty easy to beat :-p
- AndrewBissell 6y agoThe SEC frequently goes after proverbial insider trading dentists who make ill gotten gains in the $100K range. Given the intense focus there would be to catch the market manipulators, a sub-$1 million haul wouldn't be much protection.
- SilasX 6y agoThose types are caught because they're people who do virtually no active trading and then buy an individual stock while related (and connected by phone/email contact) to an insider. Not day traders who have joined a massive herd of the world's favorite stock to short.
- tekromancr 6y agoYea, but it's been shown that well placed posts on wallstreetbets can cause trading activity. A post like "some of you guys are cool. Don't hold any tesla puts on Wednesday" might be enough to generate a bunch of trades you can hide under.