US State Department Announces $ 1 Million Reward for Two Ukrainian Hackers

The US State Department is offering a $ 1 million reward for information that will help arrest two Ukrainian citizens wanted for cybercrimes. Writes about it "European truth".

“The US Department of State is offering a reward of up to $1 million each for providing information leading to the arrest and prosecution of two Ukrainian citizens, Artem Vyacheslavovich Radchenko and Alexander Vitalievich Eremenko, for participation in transnational organized crime, in particular cybercrime,” - the message says.

In January 2019, the US authorities indicted Ukrainian hackers in connection with their participation in a scheme for the exchange of information obtained by infiltrating the database of the US Securities and Exchange Commission (SEC).

In a 16-point indictment filed with the US District Court in New York, the US Department of Justice accused Eremenko and Radchenko of fraudulent digital activity and conspiracy to do so.

“The prosecution alleges that Radchenko and Eremenko broke the data collection and analysis system (EDGAR) of the Commission on Securities and Exchange Commission (SEC) and stole thousands of confidential files, which they then sold for their own profit,” the State Department recalls.

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The commission then filed a civil suit against Eremenko and several other individuals and legal entities.

Rewards for help finding hackers are offered through TOCRP - the Transnational Organized Crime Reward Program.

It is noted that she, together with a similar program to search for those involved in drug crime, since 1986 has helped bring to justice more than 75 criminals from around the world. The informants who helped catch them were paid a total of over $ 130 million by the State Department.

From February 2016 until about March 2017, Artem Vyacheslavovich Radchenko hired Oleksandr Vitalievich Eremenko and other hackers from Ukraine and managed their criminal activities in order to enrich themselves with a complex securities fraud scheme. Eremenko successfully hacked into the computer networks of the US Securities and Exchange Commission (SEC) and obtained valuable data on the financial income of companies, the website says. Department of State.

Radchenko and Eremenko's scheme was aimed at stealing annual, quarterly and current reports of public companies before their distribution. Many of the stolen reports contained material non-public information concerning, among other things, the company's earnings. Radchenko and Eremenko attempted to illegally profit from this scheme by selling access to classified information contained in these "not yet disclosed" reports and trading in company securities before the public learned the same information.

Radchenko played a leading role in the criminal scheme described above. He hired hackers, including Eremenko, and provided workspace and tools. In return, the hackers had to pay a percentage of what the information was sold for, or, in some cases, a flat rate.

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