Xatolos@reddthat.com to Technology@lemmy.worldEnglish · 8 months agoHere’s how SIM swap in alleged bitcoin pump-and-dump scheme workedarstechnica.comexternal-linkmessage-square10fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-linkHere’s how SIM swap in alleged bitcoin pump-and-dump scheme workedarstechnica.comXatolos@reddthat.com to Technology@lemmy.worldEnglish · 8 months agomessage-square10fedilink
minus-squarepandapoo@sh.itjust.workslinkfedilinkEnglisharrow-up0·edit-28 months agoOh my god, someone please tell me about understanding of the following facts are wrong: They did all of that, compromised a SEC employee and the official SEC Twitter account, to move the price of Bitcoin only around 2.2%. They could have just put sell orders in, and waited a month. Here’s the hourly BTC high and low prices for the day in question, Jan. 9th., 2024 All that risk, just to bump the price up $1,000, when it was already trading between $45-47k. That is so dumb, so painfully dumb, that I almost feel bad about laughing my ass off about this. JFC. Just over a month later, it was back trading around 50k….
Oh my god, someone please tell me about understanding of the following facts are wrong:
They did all of that, compromised a SEC employee and the official SEC Twitter account, to move the price of Bitcoin only around 2.2%.
They could have just put sell orders in, and waited a month.
Here’s the hourly BTC high and low prices for the day in question, Jan. 9th., 2024
All that risk, just to bump the price up $1,000, when it was already trading between $45-47k.
That is so dumb, so painfully dumb, that I almost feel bad about laughing my ass off about this. JFC.
Just over a month later, it was back trading around 50k….