Second infinite leverage bug found in Robinhood. Team post on r/wsb, gets banned
reddit.com
reddit.com
I'm assuming most of the people reading will already know what's going on, but if anyone's willing to post a quick summary with some context for my sake, I'd appreciate it.
With a lighthearted tl;dr of https://old.reddit.com/r/wallstreetbets/comments/dqg6xx/infi...
That is where the new glitch is detailed. Honestly, I'm surprised they're still allowing margin trading at all without a secondary complete audit of the functionality given that they clearly don't have the best regulatory requirement traceability.
“Infinite price improvement”
"I couldn’t figure out a way to show it but when you receive your money when the iron condor expires your margin will double"
"What do you plan to do with your increased margin? Lose more money than you have? That might be fun"
Hackernews is a great place to discuss infinity money glitches in the MMORPG we call NASDAQ.