Bangladesh's central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world's biggest cyber-heists, several sources say.
Bangladesh Bank is a step closer to recovering a portion of the US$81 million fund stolen by hackers from its account with the Federal Reserve Bank of New York, reports The Philippine Star.
Hours before the Federal Reserve Bank of New York approved four fraudulent requests to send $81 million from a Bangladesh Bank account to cyber thieves, the Fed branch blocked those same requests because they lacked information required to transfer money, according to two people with direct knowledge of the matter.
A US congressional committee launches a probe into the Federal Reserve Bank of New York's handling of the cyber theft of $81 million from one of its accounts held by the central bank of Bangladesh, according to a letter seen by Reuters.
A government-formed committee which investigated the US$101 million heist from Bangladesh central bank’s account with Federal Reserve Bank of New York submits its full report to the finance minister. It has found SWIFT and others responsible for the heist.
Global financial network SWIFT is primarily responsible for the hacking of Bangladesh central bank reserve, says head of the committee probing into one of the biggest cyber-heists in the world. SWIFT was responsible to ensure around 13 security measures for the safety of the system but it did not do so, he adds.
The Federal Reserve Bank of New York, Bangladesh Bank and SWIFT have vowed to work together to recover the $81 million that Bangladesh lost in a reserve heist three months ago.
Bangladesh Bank's prompt actions averted large scale hacking into its account with the New York Fed, Prime Minister Sheikh
The treasurer of Rizal Commercial Banking Corp of the Philippines resigns amid ongoing investigation on US$81-million money laundering case. The money was stolen on February 4 from Bangladesh Bank's account with Federal Reserve Bank of New York.
Chinese hackers are possibly behind one of the world's biggest cyber heists, the theft of $81 million from the Bangladesh central bank, a senator in the Philippines says.
Inspector General of Police AKM Shahidul Hoque has said if needed, help would be sought from the international agencies dealing with money laundering, for unveiling the clue to the $101 million cyber heist at Bangladesh Bank.
The Criminal Investigation Department of police will hold a meeting with the US Federal Bureau of Investigation in the city tomorrow over the heist of $101 million from Bangladesh Bank account with Federal Reserve Bank of New York.
Two deputy governors of Bangladesh Bank have been asked to resign and banking secretary has been made an officer on special duty (OSD) over last month’s heist from the bank’s account with Federal Reserve Bank of New York.
Finance Minister AMA Muhith has cancelled his press conference minutes after the Bangladesh Bank governor resigned over the recent heist of $101 million out of the bank’s account with New York’s Federal Reserve Bank.
