Re:Hackers take over prominent Twitter accounts in simultane...
by solarkraft on Thursday July 16, 2020 @06:04AM
(#23857425)
> It wouldn't even be illegal
Yes, it would be ... but it would also be hard to prove.
Re:Hackers take over prominent Twitter accounts in simultane...
by kristjansson on Thursday July 16, 2020 @11:17AM
(#23859848)
The SEC would _definitely_ have some questions for you in the scenario.
Re:Hackers take over prominent Twitter accounts in simultane...
by michaelt on Thursday July 16, 2020 @12:25PM
(#23860565)
What are they going to ask? Why did you short the most shorted stock in America? Why did you later close your short position, locking in a large profit?
I'd be surprised if that even got you interviewed, let alone searched for hacking tools.
Unless they've fingered you by some other means, in which case it's irrelevant how you were planning to get the money out.
Re:Hackers take over prominent Twitter accounts in simultane...
by kristjansson on Thursday July 16, 2020 @02:32PM
(#23862166)
At that point, it's a criminal investigation and everyone on the right side of the trade is a suspect. If you'd made enough to make the risk worthwhile, they'd subpoena everything - phone records, emails, electronics, financial history, contacts, ...
I mean, if you spent $$$$ shorting Tesla stock, then a week later the stock nosedived in response to a tweet and you made a big profit, that doesn't prove you were behind the tweet.
It wouldn't even be illegal, unless there was independent proof you were behind the hack. Without that, you just placed a bet which happened to be a lucky one - just like anyone else who was short Tesla.