Russian national accused of hacking, illegal trading is extradited to US

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Dec 20, 2021 | CYBERSCOOP

A Russian national accused of hacking into U.S. company networks, stealing non-public information, and then trading stocks based on that information was extradited to the U.S., federal prosecutors announced Monday.

Vladislav Kliushin, 41, along with four co-conspirators, allegedly hacked into two firms that help publicly traded companies prepare filings for public release, and used non-public information, such as earnings projections, to trade stocks ahead of the public release. Between February 2018 and August 2020, the scheme netted the hackers at least $82.5 million, prosecutors allege.

The four other suspects in the case are: Nikolai Rumiantcev, 33; Mikhail Irzak, 43; Igor Sladkov, 42; and Ivan Yermakov, 35. All five face charges of conspiring to obtain unauthorized access to computers, along with wire and securities fraud.

Kliushin is the only suspect in custody after his extradition from Switzerland.

Yermakov, a former officer in the Russian military intelligence directorate, was already under U.S. indictment. He was one of 12 Russian nationals indicted as part of Special Counsel Robert Mueller’s investigation into Russian interference into the 2016 U.S. election. He was also indicted for allegedly hacking various anti-doping agencies, sporting federations, and anti-doping officials.

Read More: https://www.cyberscoop.com/russian-hackers-insider-trading-yermakov-mueller/