[mason55]

Well, for what it’s worth, if you purchase an exploit and use it to hack phones and then trade on the info you steal, I don’t think there would be any insider trading charges involved.

Lots and lots of other charges but if no insider is giving you info then it wouldn’t be insider trading.

What would be 100% legal would be if you bought an exploit and then traded on the release of that exploit. Depending on the severity of the exploit it could move the stock price a bit. And, even though people wouldn’t like it, that’s kind of the point of the market. You get rewarded for helping with information and price discovery.