Re:Jack Dorsey’s account was hacked
by paulpauper on Friday August 30, 2019 @04:45PM
(#20842536)
seems like a a waste of a hack posting some messages that are quickly deleted and forgotten with no long term gain. I would have done the eth/btc giveaway scam thing and at least made good $ off it. Its like being smart in some regard, such as hacking, but dumb in others , such as maximizing the gain from the hack.
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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.
Doing 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.
Is 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-nasda...
There 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".
You 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.
Re:Jack Dorsey’s account was hacked
by Phillipharryt on Saturday August 31, 2019 @05:08AM
(#20845324)
Ok but brokers aren't less regulated, exchanges are, and Twitter isn't traded on every exchange.
If you want jail time, insurance fraud is probably a tad quicker.
Re:Jack Dorsey’s account was hacked
by paulpauper on Friday August 30, 2019 @04:50PM
(#20842590)
except that governments would quickly try to freeze the banks and stock accounts
There are millions of traders trading randomly (see r/wsb). Good luck spotting the one belonging to the hacker.
This is one information theory war against the FBI I can almost promise you would lose.
The "hacker" called AT&T and conned the call center rep into swapping Jack's SIM. It's not like they exploited a buffer overflow on Twitter's authentication service or something. They aren't smart.
Re:Jack Dorsey’s account was hacked
by CiPHPerCoder on Friday August 30, 2019 @04:46PM
(#20842543)
I guess this is the "in for a penny, in for a pound" school of thought?
(If you're going to be arrested for CFAA violations, might was well throw in some financial crimes too. Make sure you're unemployable for the rest of your life.)