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I'd imagine picking a highly volatile stock with a lot of wallstreetbet bros in it, like TSLA, would serve to helpfully obfuscate your trades and their relationship to the hack.

It's almost like people think he has some magical insight into to everything when really he's just a VC with severe survivorship bias.

The idiot has never hacked a thing for profit in his life.

How would it be harder to launder? You bet on a Tesla stock drop. That's perfectly legal. Musk tweets some bad news, and says he was hacked, but that doesn't mean you hacked him.

True, but it makes you a suspect for further investigation.

In a stock scam it is already laundered, because there is no direct flow.

Market surveillance is much better than most people realize. The accounts making money on a scam like this would be identified, filtered for anomalous activity, and the people at the other end investigated.

They might be, but the money nevertheless is pretty clean (has an acceptable origin).

The way around this is to leave no traces of the hack or to cash in using another person.