Was Bangladesh Bank's account with the New York Fed hacked?

Was Bangladesh Bank's account with the New York Fed hacked?

The Federal Reserve Bank of New York says there are no signs that its systems have been breached, despite claims made by Bangladesh's central bank that its account with the US outfit has been hacked and money stolen.

On Monday the Bangladesh central bank posted a statement on its website saying that "part of the money hacked from Bangladesh Bank's account in a bank in the United States has been recovered".

According to the AFP, Bangladesh Bank officials suspect that the money - some US$100 million - was stolen by Chinese hackers from its foreign exchange account at the New York Fed on 5 February.

Some of the money was then transferred to the Philippines and Sri Lanka, says the central bank, adding that authorities in the Philippines have frozen part of the haul following court orders.

Yet, the New York Fed has now cast doubt on the news, with a spokeswoman telling Reuters: "To date, there is no evidence of any attempt to penetrate Federal Reserve systems in connection with the payments in question, and there is no evidence that any Fed systems were compromised."

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