Traders busted after enlisting hackers to play stock market to net $100 million

August 11, 2015 8:35 PM

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Traders busted after enlisting hackers to play stock market to net $100 million

U.S. authorities charged 32 defendants on Tuesday with stealing non-public information about corporate earnings to make more than $100 million in a case of hacking for trading advantage that officials called unprecedented in scope.

Over five years, two computer hackers living in Ukraine broke into U.S. newswire services including Business Wire and PRNewswire and stole more than 100,000 press releases for publicly traded companies before their release. Those documents, which included earnings data, were distributed to a network...

Also read: EU fines 3 banks $520 million over market rigging

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