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A British national has been charged by US authorities for his involvement in a 'hack-to-trade' scheme. The individual gained unauthorized access to the email accounts of executives from five companies, using the material nonpublic information obtained to buy stocks and options prior to at least 14 earnings announcements. The scheme reportedly earned him $3.75 million through insider trading by hacking Microsoft 365 accounts.
WRECKED: YOUNG BLOOD BUSTED FOR $37M CRYPTO JACK Evan Light, 21, pulled a massive $37M heist from an investment firm’s vault, and now he's paying the price. He hacked the system, grabbed IDs, drained crypto wallets, and funnelled it through mixers and gambling platforms to… https://t.co/HBQ6gmgAVk
$37M CRYPTO HEIST: YOUNG HACKER CAUGHT Evan Light, 21, just found out the hard way that crypto isn't a playground. He jacked $37M from an investment firm, stealing IDs and crypto from 600 victims. He thought mixers and gambling sites would keep him hidden - rookie move. The… https://t.co/l10qD4QwXq
21-Year-Old Hacker Pleads Guilty in $37 Million Cryptocurrency Theft https://t.co/RkWTP603wk
