Hackers are a complicated bunch, where yesterday’s heroes could become today’s villains. Case in point, the person who was credited for helping to finally put a stop to the WannaCry ransomware debacle was just arrested by the FBI. His arrest apparently has something to do with another malware that the hacker is accused of creating, which is meant to steal banking information.
The hacker in question is British citizen Marcus Hutchins, 22, and he was taken by federal agents in Las Vegas while attending a conference, NPR reports. Hutchins is now facing accusations of creating a malware called Kronos and distributing it, which would allow clients to steal the online banking information of users.
In a statement, the US Justice Department indicated that the investigation has actually been going on for two years, at which point the federal grand jury assigned to the case slapped Hutchins with six counts of indictments. The hacker is now looking at one count of “conspiracy to commit computer fraud and abuse” with the rest involving the distribution as well as advertising a device for intercepting communications.
The Kronos crime apparently occurred back in 2014 and lasted until the next year, with several financial information already having been stolen. What makes this case rather interesting, however, is that Hutchins is a known cyber security asset, not a criminal hacker. This is why many are now questioning the case and his arrest.
In a WIRED piece covering the case, George Washington University cyber security specialist Orin Kerr expressed suspicion with regards to the arrest of Hutchins. Apparently, based on the indictment, he shouldn’t have been taken at all.
"It’s not a crime to create malware. It’s not a crime to sell malware. It’s a crime to sell malware with the intent to further someone else’s crime." Kerr explains. "This story alone doesn’t really fit. There's got to be more to it, or it’s going to run into legal problems."


SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Palantir Stock Jumps After Strong Q4 Earnings Beat and Upbeat 2026 Revenue Forecast
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates
Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
SoftBank and Intel Partner to Develop Next-Generation Memory Chips for AI Data Centers
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 



