Wednesday, March 09, 2016

Bangladesh claims hackers stole $100mn from its US Fed accounts

The central bank of Bangladesh is alleging Chinese hackers swindled the US Federal Reserve out of $100 million of the country’s money. The Fed is denying a breach of security took place.

According to the central bank the funds were stolen by hackers and some of it was traced to the Philippines.

"We kept money with the Federal Reserve Bank and irregularities must be with the people who handle the funds there. It can’t be that they don’t have any responsibility," said Bangladesh's Finance Minister Abul Maal Abdul Muhith.

The Fed has not acknowledged the robbery .... https://www.rt.com/business