bangladesh heist

NY Fed, Bangladesh Bank Meeting on Heist Postponed

DHAKA, July 12 – A meeting between Bangladesh central bank officials and the New York Federal Reserve scheduled for this week to speed up efforts to recover $81 million stolen from Bangladesh Bank’s account at the Fed has been postponed, officials in Dhaka said. A four-member Bangladesh Bank team headed by deputy governor Mohammad Razee

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NY Fed First Rejected Cyber-Heist Transfers, Then Moved $81 Million

By Krishna N. Das and Jonathan Spicer DHAKA/NEW YORK, June 5 – Hours before the Federal Reserve Bank of New York approved four fraudulent requests to send $81 million from a Bangladesh Bank account to cyber thieves, the Fed branch blocked those same requests because they lacked information required to transfer money, according to two

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