Chinese hackers stole $ 100 million from the accounts of Bangladesh’s government in Federal Reserve Bank in New York. Hackers broke into the bank on February 5th, 2016.
According to Agence France-Press “some of the money was then illegally transferred online to the Philippines and Sri Lanka.”
The bank reported that the USD 100 million was leaked into the Philippine banking system, sold to a black market foreign exchange broker and then transferred to at least three local casinos,” AFP continues, adding that “the amount was later sold back to the money broker and moved out to overseas accounts within days.”
According to AFP, Chinese hackers have been blamed and the money was stolen from accounts held at the New York Fed.
This information revealed by officials from the central bank of Bangladesh, which Reuters agency also reported was denied by Fed officials. “There is no evidence that any Fed systems were compromised” – said Fed spokesperson.