October 7 Attack: Profits Soar for 'Informed Traders', U.S. Researchers Reveal
Originally Published 2 years ago — by i24NEWS
U.S. researchers from Columbia University and New York University have found evidence suggesting that "informed traders" profited massively from the Hamas-led attack on Israel on October 7. The researchers discovered a significant rise in short positions on Israeli companies and ETFs prior to the attack, indicating that these traders knew about the impending event. The study revealed that these traders made substantial profits, with one example showing a short position on Bank Leumi resulting in $863 million in profits. The researchers are now exploring the application of securities law to this case.