Re:Binance exchange hackers steal bitcoins worth $41m
by ceejayoz on Wednesday May 08, 2019 @09:34AM
(#19858640)
> $1 Billion stolen from a Bangladeshi Bank
No. Most of it never went out, and much of what did was recovered.
"The Federal Reserve Bank of New York blocked the remaining thirty transactions, amounting to $850 million, due to suspicions raised by a misspelled instruction. All the money transferred to Sri Lanka has since been recovered. However, as of 2018 only around $18 million of the $81 million transferred to the Philippines has been recovered."
https://www.europol.europa.eu/newsroom/news/mastermind-behin...
$1 Billion stolen from a Bangladeshi Bank
https://en.wikipedia.org/wiki/Bangladesh_Bank_robbery
MoneyTaker operated silently for years without being caught stealing millions from US and Russian banks.
https://www.reuters.com/article/us-cyber-banks-atm/hackers-h...
Conflating physical bank heists made by desperate people and sophisticated cybercrime is disingenuous.