Re:Hackers take over prominent Twitter accounts in simultane...
by richardknop on Wednesday July 15, 2020 @05:29PM
(#23852158)
The hacker could have puts on Twitter as well. The Bitcoin scam might be just a cover / distraction so it looks like an unsophisticated hacker while the real money might be made with options contracts.
[ Parent
| on HN ]
Re:Hackers take over prominent Twitter accounts in simultane...
by maxcan on Wednesday July 15, 2020 @09:59PM
(#23854923)
Yeah.. seeing twitter's drop thats definitely possible and pretty imaginative. but, twitter's drop wasn't that sharp. also, running this after hours means the options markets are closed and putting on a big short position can be super risky since there may not be a huge amount of liquidity to cover your position, then you'd have to sit on it overnight.