Ukrainian hackers helped stock traders make $100m with stolen press releases
Aug12
Five stock traders were arrested in the US on Tuesday in connection with an elaborate insider trading scheme that saw the accused acting on data culled from leaked press releases, reports Bloomberg. The stolen information came from an on-demand business run by hackers in Ukraine, who breached major US-based newswires over the course of five years and sold over 150,000 corporate press releases containing market-sensitive data. Securities regulators believe that the scheme generated roughly $100 million in illicit gains for the accused. International arrest warrants for four more people — including the hackers in question — who are still in Ukraine,…
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