$70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

Re:$70M in 60 Seconds: How Insider Info Helped Someone 28x T... by ctippett on Saturday April 12, 2025 @02:39AM (#43661906)

404 Media reported a story on Monday[1] about a news outlet that claimed there'd be a 90-day break on tariffs for all countries besides China. This was published a few days before the official announcement.

So someone, somewhere, knew something before everyone else.

[1] https://www.404media.co/benzinga-news-service-that-falsely-r...

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Re:$70M in 60 Seconds: How Insider Info Helped Someone 28x T... by w10-1 on Saturday April 12, 2025 @03:52AM (#43662311)

Good cover: publicly release a rumor via a random tiny outlet (along with a flurry of other rumors). Then if questioned, just say you heard it there.

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Re:$70M in 60 Seconds: How Insider Info Helped Someone 28x T... by tirant on Saturday April 12, 2025 @04:28AM (#43662510)

Benzinga is not a tiny outlet at all. There’s quite some trading platforms that distribute their news to their customers, like Interactive Brokers.

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Re:$70M in 60 Seconds: How Insider Info Helped Someone 28x T... by tradethedelta on Saturday April 12, 2025 @10:00PM (#43669432)

Benzinga has probably 40 writers or so. And they do syndicate out to other platforms. They also sell their real-time web traffic and ticker attribution data to hedge funds who will trade on the info.

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