Episode Details

A massive $100 million insider trading probe is unfolding as the Justice Department investigates suspicious trades by Susquehanna International Group, which claims unknown traders used confidential info ahead of China’s crackdown on overseas trading platforms. Susquehanna lost $70 million and is suing 100 unnamed individuals, alleging the trades—backed by $12 million in bets—were only possible with inside knowledge from Chinese regulators or fintech firms like Futu and Up Fintech. Authorities have frozen accounts at Interactive Brokers, Futu, and Up Fintech, and are racing to identify the culprits as this could become one of the biggest insider trading cases in recent history.

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