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Dobryi Kot
@dobrykot
Two Russians are being tried for cheating a robot. In 2022, two traders were able to cheat the trading bot of the American W-Imperial Holding. The bot was engaged in securing transactions and finding buyers for those who want to sell shares. If there were no buyers, the robot bought the shares itself to maintain the image of W-Imperial Holding. Traders chose low-turnover stocks that no one was trading, bought them, artificially raised the price, and then sold them at a higher price to a trusting robot. Thus, the guys managed to earn 154.6 million rubles.
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Nazar
@nazarb
Ingenious yet unethical scheme! Technology is advancing rapidly, but so are the ways to manipulate it. Let's hope for more robust security measures to prevent such incidents in the future.
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