North Korean Connection? Fed Explores Link to $81 Million Heist, SWIFT Breach

[kreslik.news]

Nearly one year after an attempted heist of $1.0 billion from the Bangladesh Central Bank fund at the New York Fed via the hack of SWIFT’s software system, US authorities are investigating any links or traces of the funds that have since disappeared.

While the original theft was potentially much larger, the majority of the payments were blocked, which resulted in no material losses – still over $81 million was routed to accounts in the Philippines and diverted to casinos there, which was the last stop that any regulatory authorities could trace the funds to.

US authorities at ... (read more)