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FBI indicts three in insider trading scheme that utilized Xbox 360 chat to hide comms | Ringleader could be looking at as much as 165 years in prison (www.techspot.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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FBI indicts three in insider trading scheme that utilized Xbox 360 chat to hide comms | Ringleader could be looking at as much as 165 years in prison::undefined

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[–] sugarfree@lemmy.world 27 points 1 year ago (2 children)

Points for creativity, I guess? I'm pretty sure a Goldman Sachs analyst can figure out how to do it properly, though...

[–] jet@hackertalks.com 9 points 1 year ago (1 children)

Fun fact, personal cell phones on the trading floor arnt allowed, to avoid unlogged comms by traders.

[–] remotelove@lemmy.ca 9 points 1 year ago (1 children)

Aren't trading floors mostly empty these days since trading is much more automated?

[–] jet@hackertalks.com 13 points 1 year ago* (last edited 1 year ago)

Yes, but as long as human traders exist, there is a need to log all of their communication to prevent malfeasance

[–] linucs@lemmy.ml 2 points 1 year ago* (last edited 1 year ago) (1 children)

They just copied the idea from terrorists

[–] fat_stig@lemmy.world 5 points 1 year ago

Rubber dinghy rapids bro