November 14, 2016
Bangladesh’s central bank hopes to retrieve $30 million more of the $81 million stolen from its account at the New York Federal Reserve in February, two bank officials said on Monday. On Friday, Philippine authorities began the process of handing over $15.25 million to Bangladesh.
Hackers used stolen Bangladesh Bank credentials to try to send three dozen SWIFT messages to transfer nearly $1 billion from its Fed account. They succeeded in transferring $81 million to four accounts at Rizal Commercial Banking Corp in Manila.”We are expecting to get a favorable verdict from Philippines’ Supreme Court as it has already been proved that $81 million is our money,” said another Bangladesh Bank official, who asked not to be identified because he was not authorized to talk to the media.