Ukrainian hacker gets prison in US insider trading case


  • TECH
  • Tuesday, 23 May 2017

Worsening tensions: The attack on public and financial websites could be coming from Russia.

A Ukrainian computer hacker was sentenced on May 22 to 2-1/2 years in prison over his role in a global scheme to conduct insider trading based on stolen, yet-to-be-published corporate news releases, US prosecutors said.

Vadym Iermolovych, 29, of Kiev, had been the first hacker to admit criminal wrongdoing, in what authorities have called the largest known hacking scheme to game financial markets, leading to more than US$100mil (RM429.53mil) of legal profit.

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