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Sunday , October 25 2020

Bangladesh central bank loses $100m to Chinese hackers

The Bangladesh central bank says it is working to recover some $100 million allegedly stolen by Chinese hackers from an account at the Federal Reserve Bank of New York. Authorities have given few details about how the money disappeared. But Finance Minister A.M.A. Muhith says authorities are considering suing the US bank over the money’s apparent transfer to accounts in the Philippines.

Muhith said the US bank has “no way to avoid their responsibility.” The New York Fed put out a brief statement through its Twitter account on Monday, saying “Regarding hacking reports, there is no evidence of attempts to penetrate Federal Reserve systems & no evidence Fed systems were compromised.” Offi ces of the bank, one of 12 US federal banks across America, were closed at night and offi cials were not immediately reachable for further comment (AP)

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