Re:Hackers take over prominent Twitter accounts in simultane...
by hn_throwaway_99 on Wednesday July 15, 2020 @06:26PM
(#23853046)
Again, nothing. Given the accounts that were hacked, they could easily have moved markets and had pre-placed short bets that would have netted them potentially hundreds of millions.
Re:Hackers take over prominent Twitter accounts in simultane...
by erichurkman on Wednesday July 15, 2020 @06:32PM
(#23853125)
If they had capital to begin with. If this is some individual hacker without much for means, swiping $100k of BTC in a potentially narrow window when a security vulnerability is in place is greater than $0 while trying to line up capital and shorts.
Re:Hackers take over prominent Twitter accounts in simultane...
by jacquesm on Wednesday July 15, 2020 @06:29PM
(#23853094)
That's a lot easier to trace than BTC transactions though. And of course even there if the adversary is determined enough you'll get caught.
Re:Hackers take over prominent Twitter accounts in simultane...
by dasudasu on Wednesday July 15, 2020 @07:03PM
(#23853465)
If you do it in "real" markets, you get the attention of the SEC or similar agencies in other countries. Crypto is completely unregulated in this regard.
Re:Hackers take over prominent Twitter accounts in simultane...
by shiftpgdn on Wednesday July 15, 2020 @07:58PM
(#23854007)
There are literally millions of put/short orders placed against TSLA every day. I don't think they track the intentions of every single one.
Re:Hackers take over prominent Twitter accounts in simultane...
by tempestn on Wednesday July 15, 2020 @08:05PM
(#23854065)
No, but if someone managed to hack a bunch of Teslas and cause chaos, driving their stock down, you can bet law enforcement would be looking at shorting activity.
So far, the address has received the equivalent of over 50,000 USD.