Darknet Diaries 123: Newswires
21 snips
Sep 6, 2022 Discover the shadowy world of insider trading where hackers and traders collude to profit from confidential information. The story reveals how they exploit weaknesses in financial newswires, creating a covert operation that blurs ethical lines. As the scheme unfolds, tensions rise with trust and betrayal at play, culminating in legal consequences when authorities catch wind of their illicit activities. Explore the tactics used to obscure identities and the relentless battle between regulators and those seeking to profit from the market's volatility.
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Airport Meeting
- Arkady Dubovoy, a Ukrainian stockbroker living in Georgia, met with Vitaly Korchevsky, a hedge fund manager, at Atlanta Airport.
- Dubovoy proposed a scheme to access insider information for profitable stock trades.
The Hacker's Lifestyle
- Ivan Turchynov, the hacker, lived in a wealthy area of Kiev, flaunting his wealth with gold clocks and luxury cars.
- Combining Dubovoy's business acumen, Korchevsky's stock knowledge, and Turchynov's hacking created a potent mix for illegal profits.
Dendrion Trade
- Vitaly Korchevsky bought put options on Dendrion Corp. stock just before a press release caused the price to rise.
- He profited over $2.3 million in under 24 hours using insider information.