How Inside Information Cost Susquehanna $70 Million in China Stock Trades

Susquehanna Securities sued on June 29, 2026, claiming traders made $70 million betting against Futu and Tiger Brokers using advance knowledge of China's regulatory crackdown. The exposure: options market-makers set prices using public data. When counterparties held non-public intelligence, pricing models failed catastrophically. For Susquehanna, the losing side of those trades, the gap cost over $70 million.