22-08-2018 15:30 via theverge.com

How an international hacker network turned stolen press releases into $100 million

At a Kiev nightclub in the spring of 2012, 24-year-old Ivan Turchynov made a fateful drunken boast to some fellow hackers. For years, Turchynov said, he’d been hacking unpublished press releases from business newswires and selling them, via Moscow-based middlemen, to stock traders for a cut of the sizable profits.Oleksandr Ieremenko, one of the hackers at the club that night, had worked with Turchynov before and decided he wanted in on the scam. With his friend Vadym Iermolovych, he hacke
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