News for hackers. Stuff that matters.
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.
Re:Hackers take over prominent Twitter accounts in simultane... by ralfd on Thursday July 16, 2020 @02:52AM (#23856509)
With Elon Musk normal shitposting you could away with one well placed message to (temporarily) tank the stock.

https://twitter.com/elonmusk/status/1256239815256797184

Re:Hackers take over prominent Twitter accounts in simultane... by bcrosby95 on Thursday July 16, 2020 @12:26AM (#23855759)
Bad hacks are announced fairly regularly. I highly doubt law enforcement investigates shorts everytime one happens.